This is why you keep your mouth shut if you find $7.5M in cash

[Gucci_Suit 2666]

I’d just take it to the yellow rose and end up leaving there 3 days later actually down a grand. 

[Johnny Sack 8397]

Pay cash for all routine shit like meals, hotels, groceries, retail purchases   

Buy art and rare coins/stamps.  Hold and the sell a few years later.  

Buy gold and silver in small amounts  Store.  Sell a few years later.  

Charter a yacht a few times a year to Caribbean.  Go all over.  Deposit $100k or so in friendly banks.  

Get family involved - ones who are smart.   Give each of them $15k or so in untraceable cash they can spend but not deposit every year.   Ask for them to write you a check for $10k or so as a gift under annual exclusion.  You get clean money and help out family.  They get a $5k windfall every year.  

[Aqua Buddha 14643]

Don't forget the armed security you'll have to buy to protect yourself from whatever cartel/mafioso/gangster shit wants their money back.

[Stella Link 534]

2 hours ago, Aqua Buddha said:

Don't forget the armed security you'll have to buy to protect yourself from whatever cartel/mafioso/gangster shit wants their money back.

This.  The storage company will have records who purchased the contents of the locker.  Those records can be stolen or taken.  Bottom line, the Storage Wars guy probably did the right thing by getting it in the open, and probably spoke with his attorney and accountant for advice.  Plus he netted a decent amount of cash too.

[EZ$ 2106]

The bank reporting limit per transaction is $10k, but anything suspicious can be reported. Even $5,000 every two weeks. All depends on how strict/anal the compliance officers are at each bank. 

At my local bank, you wouldn’t have a chance.....our ladies are strict as shit. 

[Your Mom 4866]

[Thetexashammer 1062]

On 11/27/2018 at 12:51 PM, Chewbacca said:

There is no statute of limitations on fraudulent activity.

Correct. I was mistaken about that. The distinction seems to be for "willful" attempts to avoid tax. If it's intentional, is seems that there is no statute of limitations. 

You could renounce citizenship.

Edited November 29, 2018 by Thetexashammer

[FondrenRoad 4378]

7 hours ago, Thetexashammer said:

Correct. I was mistaken about that. The distinction seems to be for "willful" attempts to avoid tax. If it's intentional, is seems that there is no statute of limitations. 

You could renounce citizenship.

Taxman still gets you for 10 years even if you renounce.

[Chewbacca 7788]

2 hours ago, FondrenRoad said:

Taxman still gets you for 10 years even if you renounce.

Basically, the decision comes down to whether you're willing to never come back to the US for $7.5 million.

[Macanudo 13026]

26 minutes ago, Chewbacca said:

Basically, the decision comes down to whether you're willing to never come back to the US for $7.5 million.

How is this even a choice?   I mean other than having some cartel hitman looking for me while I'm on the run.

[Chewbacca 7788]

30 minutes ago, Macanudo said:

How is this even a choice?   I mean other than having some cartel hitman looking for me while I'm on the run.

You serious?  You likely wouldn't even be able to visit if the feds got wind of the money.  You'd be picked up at the airport.

[markstanco 12640]

Yall argue about the dumbest shit.

First thing I would do is 15 chicks at the same time.

[NeverMarryAStripper 22000]

Taxman still gets you for 10 years even if you renounce.

I thought you did a final return, can’t remember the form number, that basically taxed you on the unrealized capital gains of all your assets and that was it. Been awhile since I looked at it though. One of the big problems is that the US has bullied a lot of the offshore banks so they don’t even want to fuck around with US citizens anymore.

[gmr548 16617]

I'd throw a $7.5 million tailgate for LSU next year.

Sent from my SM-G920V using Tapatalk

[Steel Shank 9435]

Looks like most dudes here would lay pipe.

[demos 3012]