I need advice, pure and simple. I am in escrow to buy a 5 acre parcel of vacant land. It is a cash deal...

I need advice, pure and simple. I am in escrow to buy a 5 acre parcel of vacant land. It is a cash deal. I have 30 days to fund the project which has a value of approx. $55k. I have always read that the IRS doesn't track transactions below $10k. If this is true can I make five deposits of $9500 over the next 30 days without it being suspicious? I have already made a good faith deposit of $5000.

Attached: WeChat Image_20181120160133.jpg (1440x1080, 154K)

You are right on the 10k part but a month with over 50k being deposited is going to get you an audit

>50k being deposited is going to get you an audit
Not true if you are Tether

Banks will/have to report suspicious transactions, including those that look like they are trying to avoid the 10k reporting rule. i.e. depositing 9,999 dollars multiple times.

OP here. It would be cash going in to the escrow account which would be closed at the end of the transaction. Will this really alert the IRS?

Structured transaction. It'll still be reported. Or use different banks.

Depends on who you are dealing with. Anyone can report anyone for anything suspicious they see. Pay your taxes, asshole.

The cash has already been taxed at the full rate. I am trying to avoid being taxed again on the same fucking money.

Good luck with your trial for what is called structuring. That is taking out multiple deposits under the reportable number in a short time frame to hide a larger transaction.

OP where is your pic from

If you get audited it doesn't matter if your transaction was originally suspicious or not. You have no business being in business with your mentality. Pay you taxes, asshole.

lmao, are you really buying 5 acres of desert trash for $55k? Are you in fucking Australia or just retarded? Have fun dying of thirst after realizing you're not even allowed to drill a well and even if you could the water table is 1200 feet deep

>Pay your taxes, asshole.
This is a paid government agent poster -- not a normal user.

I don't understand. The Feds don't tax property transactions but some states do. If that's the case you're worried about a different taxing agency altogether and is pointless since property is registered and the local/state agencies will know about it regardless. Exactly who are you worried about taxing you and exactly what tax do you think you are going to pay?

Another one, notice the same style: their employer instructed them to end their post with "Pay your taxes, asshole"

OP, you even read this forum? whats xmr?

wtf, you get taxed for buying $55K worth of land?

Robert, we should monitor this one. IP captured.

OP here. Wrong, wrong, and wrong. I am buying this parcel precisely because it sits on one of the largest aquifers in the nation. And, yes, wells are permitted and, indeed, preferred. With solar so cheap these days, and with 350 days of sun, both my power and water needs are provided virtually free.

OP I'm checking your 7's, now check mine, and tell me where your original pic is from

I would prefer to keep my finances to myself. That's all. I would prefer not having to explain where this money came from originally. Not exactly illegally, but, let's just say there is some "grey areas".

Coachella Valley, CA

That's as close as I'm going to say.

Well sometimes trying to act non-conspicuous ends up making you look very conspicuous. Just pay it all up front. I paid for a car in cash, the dealership reported it to the IRS and I never got audited.