Posted by NE IA on August 06, 2009 at 17:28:33 from (206.72.18.153):
In Reply to: O/T CASH posted by farmer101IL on August 06, 2009 at 17:08:11:
I'm not so sure that going public with that is in your best intrest, however we all will assume you report every cent.
I had a tax audit, and you perhaps have no idea of what they can assume, for you to prove otherwise. It all depends on the person doing the audit, but it can be unreal, not to mention the cost of defending yourself.
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