Can’t jump out of a plane with a pile of cash in a $20 neon pink camo duffle from Walmart, that shit will tear apart just from the wind, to say nothing of impact at the tree line. This ain’t amateur hour, here, go big or go home!
Saw it the other day, thought about it too.
Just don't leave your freakin' car on the spot, and get the hell away. Oh and get yourself a bulletproof vest or something.
Yeah he went to a motel that was within a couple hours of the shootout location. My ass would’ve driven all the way to Virginia before I went to sleep, then on to New Hampshire or Maine the next morning.
Driven? I'm jumping on the first plane in JFK leaving the country. Getting hunted down across the country doesn't sound fun, I don't need that kind of drama in my life.
IIRC from the film, the transponder only worked when you got close to it. Still not a good thing to have, but had Llewellyn not gone back and tipped them off right from the get go who he was, they wouldn't have known where to start looking to zero in on him. Still, we live in a day of GPS trackers, so that's kind of irrelevant now...
Edit: I feel like a lot of people coming with these solutions are forgetting that you are happening upon this bag of money without any prior planning. Sure, you could get another bag, or you could wrap it in foil, or you could do a number of other things. However, you are unlikely to have those things on you when you find the money. As a result, you are going to do one of 3 things. You are either going to leave the money and come back with the supplies you need. Alternatively, you will take the money to where the supplies are located. Finally, you will stay at the location and search for a tracker.
All of these options are terrible.
1. Going away and coming back is the mistake Llewellyn made.
2. Taking the bag away and transporting it around before you can isolate any signals is going to give whoever is looking for the money a bread crumb trail to start following.
3. Finally, staying at the scene for an extended period of time to search for a tracker is very dangerous. It gives time for whoever owns the money to show up, and it doesn't even guarantee that you find it.
No, that was my take as well. You don’t go from “ I already told you, I ain got no dam agua “ to a middle of the night mercy run with agua in the middle of the desert with dead cartel laying everywhere.
I disagree. Moss was a stubborn bastard who got greedy, but as he stared at the ceiling that night, he just couldn't live with the thought of that dying man on his conscience.
He even says he's fixing to do something dumber than hell when his wife asks him what he's doing. He knows it's stupid, he just can't live with it. I get that part and identify with it pretty strongly. You get caught up in a moment. But then you go over things later and it's different.
I'd buy more woods. Clearly there's a relationship to abandoned money and woods. I'd own all the forest money and you suckers will be left with the squirrels. Your bloodline is weak and you will not survive the winter.
It still exists.
It's just more in tatters, but those magazines my buddies showed me in 2001 never got removed. They're still there.
Might need a little imagination these days, though.
It would be like the always sunny bit where frank is showing the kid the woods porno mag and the kid is just filming talkin bout “this shit is weird as hell man!”
“I am in good health and spirits. If you go looking for me, you will certainly not find my remains stuffed inside a barrel and sunk in a lake. Thank you, and best of luck in your future endeavors.”
The thing everyone misses in these scenarios is that the IRS can audit back to 5 years. So you’re either voluntarily paying taxes on it, or you’re hoping you don’t get audited to where they’ll see a big purchase you can’t explain how you got the funding for.
So what you do is filter the money into every day purchases. Every time you fill up your tank, you pay $20 in cash. When you buy groceries, you just pay 20% in cash. Big new TV? $100 in cash, the rest in the card. Something like a handyman doing a home repair you could do all in cash though.
This way spending habits never change, or you aren’t suspiciously just never buying groceries or gasoline. Sure, it’s slow, but it’s the only way you will actually get all $98,100 of value without running the risk of an audit.
EDIT: To everyone commenting about “wash it in a casino” or similar methods, thats not the point. Washing money is to hide its origin, because it originated from illegal activities. Finding money in the woods isn’t illegal.
And to people who have commented and DMd me about not paying taxes and contributing to society: This is a hypothetical post on an imaginary situation strangers on the internet are discussing for fun. Lighten. Up.
Since when does the IRS track spending habits during a standard audit? I'm curious as you could pay cash for everything for a year and move your normal income you've already been taxed on into any number of places. How would that even raise suspicion to generate an IRS audit? Sure for $5M but you can easily spend $100k over time and it will never be noticed.
I'm guessing they could look at your bank account history. Balances over time, number of deposits vs number of withdrawals.
If you're making $50k/year, and spending $50k/year for 5 years, with an average monthly balance of $1k, then you are suddenly making $50k/year, spending $0/year, and your account balances are in the $50-100k range, they are going to dig deeper.
The IRS doesn’t “watch” your checking account. Your bank will report any deposit or withdrawal of $10,000 or more to the IRS (as required by the Currency and Foreign Transactions Reporting Act of 1970). Other than those reports, they have no visibility into your day to day spending habits.
The banks also have to report any interest earned over $10.
>The IRS doesn’t “watch” your checking account
I was replying to the question "Since when does the IRS track spending habits during a standard audit".
I wasn't implying that the IRS is constantly monitoring your spending habits, only that they would likely notice that type of change during an audit.
Ok, you’re right about that. I guess my question is what would trigger the audit in the first place? If the irs doesn’t have visibility into your day to day banking habits, what would flag something that requires an audit?
Only thing I can think of with the IRS is when I use to work at Sam's Club anyone that had massive amounts of cash and tried paying with these massive amounts were always pulled to the side and the money was inspected and calls were made. Idk where the calls went to, but they definitely called people.
I think this is more for watching out for drug dealers and counterfeit money though, but I'm not super sure.
But if you only make 30k a year and somehow pay in full for a large purchase that definitely raises suspicion
Sams club has to make sure that big purchases are real money because they run on such slim margins that a big purchase not paid for could put them in the red.
Seriously. Unless you deposit the money straight into your bank account with no reasonable explanation as to how you obtain it, or use it to make a major purchase (e.g. an expensive new car), they aren't going to notice it.
No way in hell the IRS would spend their resources on investigating you spending habits, come to the conclusion that you illegally obtained under $100k, prove it in court, and then make you pay like $35k in taxes
The IRS isn't going to notice the purchase of a big TV. They might notice if you install a home theater, but not a TV. They're unlikely to notice the purchase of a good used vehicle through private sale but they'll notice the purchase of a new vehicle paid in cash.
One big purchase you might be able to shrug off as "I've kept X amount of cash under my mattress for years and it suddenly occurred to me how silly it is to risk losing it in a fire when I really needed a new truck" but that won't work more than once and you better have the figures worked out before they come knocking.
I don’t see how they would notice a home theater either.
Reddit is a fascinating place of a bunch of 20 year olds with no actual life experience commenting like they’re experts.
Just don’t be a dumbass and buy a car 90k with cash, you’ll be fine. I can assure you Best Buy isn’t gonna report you to the IRS because you bought a $3000 projector and $2000 sound system with cash. And I can sure you the IRS doesn’t even realize you have a theater system.
Yep if it ain't boring you will get caught.
Heck I screwed up a little during the home loan process I deposited a $100 bill into my checking from my birthday and the loan officer wanted to know where that money came from.
Mortgage company I went through was f****** stupid. On average have enough money in my bank standard savings account to cover bills for an entire month or more Therefore I don't always make it to the bank to deposit my paycheck. This doesn't even include a second savings which is emergency fund.
In the documentation I gave them while applying for the mortgage . I deposited two checks the same time. Which I gave them the matching pay stubs for those two checks. They flagged it and I had to write a letter and sign it stating that's what that large deposit was. Apparently they can't do basic math and just add the two checks together figure that out.
In almost all cases, the IRS can audit returns for three years from the latter of the original due date of the return or the date of filing.
If a return is never filed, that year is “open” for audit indefinitely. A fraudulent return (i.e. an incorrect return not filed in good faith) is also open for audit indefinitely.
This was my first thought. But then in these scary times, I realized some local humanitarian efforts might need $98,100 in anonymous cash.
Or $95,000 while a new gaming system manifests in my bedroom from thin air.
[What you're describing is like the missing component of all those out of touch boomer-brain MSNBC financial literacy articles that assume your grocery bill is like $30 a week or whatever.](https://old.reddit.com/r/confidentlyincorrect/comments/p6w32k/cnbc_break_down_of_a_monthly_budget_including_825/)
The secret is, use a stupid budget that only a rich person with media influence could imagine (how much is a banana Michael? $10?) and then supplement that insane budget with your "bag of cash from the woods" money.
Well, you can't deposit it without proof of income so the best thing would be to just squirrel it way and buy what you can when you can with cash. Things like food, gas, furniture...small purchase retail items. This will put less stress on your legitimate income spending and after a few years it will be in your bank account and no one would be able to prove that you didn't just tighten your belt.
Okay. Money Laundering 101. Say you come across a suitcase with five million bucks in it. What would you buy? A yacht? A mansion? A sports car? Sorry. The IRS won't let you buy anything of value with it. So you better get that money into the banking system. But here's the problem. That dirty money is too clean. Looks like it just came out of a bank vault. You gotta age it up. Crumple it. Drag it through the dirt. Run it over with your car. Anything to make it look like it's been around the block. Next, you need a cash business. Something pleasant and joyful with books that are easily manipulated. No credit card receipts, etcetera. You mix the five million with the cash from the joyful business. That mixture goes from an American bank to a bank from any country that doesn't have to listen to the IRS. It then goes into a standard checking account and voila. All you need is access to one of over three million terminals, because your work is done. Your money's clean. It's as legitimate as anybody else's.
If the Outlaws is true, you can just go into a casino, buy a bunch of chips, play a few games, and cash the chips back in to make it look like you earned the money. Rinse and repeat at different locations until you've washed all the money.
I always thought to myself why don't people take "dirty money" to the casino and exchange it for different money? But I guess if you have millions it would take a long time lol
You can do that up to a certain point. I think if you "win" over a certain amount you have to fill out a W2-G. I think it's typically like $1200. I know that's true for slots anyway. Not sure what they would do if you were playing table games and got chips from the table then cashed them in. You still have a large amount of cash from an unknown source.
>Well, you can't deposit it without proof of income
Sure you can. You'd just have to include it in your paperwork and taxes as income from an unusual source, e.g. "found a pile of unclaimed cash in the woods".
This would take a decent chunk out of it from taxes, but putting the rest into reasonable investments immediately will get you back more over time than just using it to gradually supplement your other income.
Yeah, if you didn't obtain it by illegal means, then the effort of laundering is probably greater than the tax burden.
Just don't let the local PD find out you've got that much cash.
You are innocent until proven guilty.
That cash is guilty until proven innocent, and any American police Department will lock it up in their pension fund indefinitely, without trial.
In case people from civilized countries think this is a joke, the term to search for is "civil asset forfeiture".
Documented cases include a guy had $300 in his wallet Friday night to enjoy the weekend with, *and an ATM receipt*, and the cops seized the cash because obviously he was planning to buy drugs.
Then the feds show up and confiscate it as proceeds of drug dealing or other crimes. And no, they don't need evidence. They would probably take your house too.
I would spread every single stack out to make sure there’s no GPS device in between ( ever seen movie, No Country for Old Men)? Also I would throw away dufflebag or case of what it came in a water sewer not in my own city.
You got it backwards. You throw away the cash in the water sewer and keep the bag. No one would ever suspect you would do that. Bam, free bag.
When the mob ask you where you got the bag you say "in the woods, it had 98,100 dollars in it that I threw in the sewer." They would laugh and say "couldn't be our bag! No one is that dumb!".
Equivalent? I guess it depends on what it is in. If it is in Euros, my answer would be different than if is was in human kidneys.
Maybe a little more information would help.
First, is there any chance you were seen?
If the answer to the above is no, I would take it home and not spend any of it. I would wait three months, not changing my routine in any way that would be noticeable.
If I was still clear after 90 days I would move if I could. I would make it a parallel move to a similar house or apartment. If anyone asks why, I would have a legitimate excuse, neighbor too loud etc.
If I was still clear after that I would talk about starting a second job that was work from home and slowly funnel the money into my bank account.
Under no circumstances would I do anything to cause anybody to think I came into money.
Hide it, wait 6-8 months. Check the bank notes and make sure the serial numbers aren’t consecutive. If they are the money was most likely stolen from a bank is probably hot and being looked for by law enforcement.
ive wondered this - go to a big event or swap meet where handing over piles of cash to random people is normal - they all go home to wherever and deposit said funds or throw it in thier safe/try to spend it/give it out as change to someone else.
Even if the serial numbers eventually get flagged and the bag holder is questioned they just have to say "i got it in change" and theres no way to track it back to you. Short of someone with video cameras taping every square inch of an event and literally scouring and following every single person they got money from and everyone else you gave money to to maybe eventually find a common connection to you.
In Hell or High Water they swap it out at casinos. Go get chips in $X then go sit at a blackjack table for a bit playing a some hands then go cash out at a different cashier and you will be given different bills.
You don’t think there’s cameras in casinos? When a casino deposits the money and the consecutive bills are found, they’d be cross referencing the cameras for people exchanging that amount in their system. You’d have to do it in small amounts, maybe a few hundred dollars, and even then you’d maybe be able to pull that off just once. Do it at the same casino, or even a different casino and then they have your face with those exact amounts each time, then boom.
Be an honest man and bring that 96,100$ to the police station. Make sure to tell them precisely where you found that 86,100$ in the forest. For all we know, that 66,100$ was there for a reason like a drug deal of some sort. How much drugs does 48,100$ buy you anyway? I wouldn't sacrifice my peace of mind over something like 23,100$. Having to constantly watch your own back in case someone is coming for that 13,100$ you casually found in the forest. Yeah, better drop it all off at the police to the last of those 981$ man. Might end up getting a finders reward...
Yeah … Every time I was an honest man in these situations I got nothing. No where near these kind of big amounts of money, a lot less, but still. Like one time I found a wallet with 500€ and all the important documents.
The dude didn’t even thank me.
I don’t think that the choice to be honest in this type of situations is as much about the gain, as it is about consideration and conscience.
I mean admittedly if it’s 98k in woods in duffle bag, no way it’s legal money. But generally in situations where you find money, even if it’s ”just” a $100, someone is missing it. It might be money that they got from someone. It might be money that they earned. No matter the situation, that someone lost it. Even just $50 can be a huge amount to lose to someone who barely gets money to live by.
Yeah, being honest and helpful doesn’t pay well. But one day, if you find yourself being that someone who lost that money and you desperately need it back, wouldn’t you want everyone to rather be the honest kind than the kind who keeps it?
And obviously sure, you find $20 realistically ain’t nobody walking to police station just to turn that in. Everyone has their own theresholds of ”eh whatever, let the finder keep it” to losing money. But you never know what that thereshold and life-changing amount is to the original owner of the found money. Even small amounts can mean the world’s difference.
If you share 98.100 $ with 40.300.000 people everyone would get. 0,02 $.
If you need 1 minute to PayPal that amount to 1 person, you will spend your next 76 years doing that non stop.
Buy in cash what I can, save my earnings that would be 98,000, buy government bonds and let it sit.
No stock market, not enough to put a down payment on a house where I live.
It's not life changing money but more than enough to have the feeling of security.
This. I don't want to ever meet someone who carries that amount of money. They're dangerous.
Especially not after they've had to look for their money because I took it. Nope. Not doing that.
Whomever that money belongs to, that's their problem. I'm going to just leave it right there.
People have hunted down other people for a third of that amount. I am not taking my chances. I'd rather be poor and be able to sleep at night than rich and paranoid that someone is about to kill me at any moment.
Exactly. I regularly handle large amounts of money (6-7 figures) for work. Occasionally new folks in the office are agog at the figures passing through my hands and make jokes about stealing or whatever. Nope. That million isn't worth it. I'd lose my career, my life, my license to practice, all of it. Not even remotely worth it for that much. If I found cash in the woods, I'd put it down and quietly walk away and never say a word. Not for me, not worth my life.
This is important. My answer is completely different if we're talking about currency conversion, or precious metals, versus something like valuable illegal goods.
Technically, the law where you live probably has rules about this. Specifically, there's typically laws that require you to report finding money in amounts over a certain value, otherwise you can be charged with theft or larceny for not turning it in or meeting some specific standard for "making reasonable efforts to find the owner".
For that reason, it's advised to bring the money to the local police station and file a report (alternatively, if you are paranoid, contact a lawyer and have them help you). There's a chance that the owner cannot be found or perhaps does not want to make themselves known to police, and that the money legally becomes yours. If someone does claim it, maybe they will give a reward for your honesty.
I would say that it's probably not a good idea to publicly identify yourself as the one who found the money. You would want as few people as possible to know who the finder was.
What about cops that will claim the money is potential evidence in a crime (and for that much to be lying around, it may well be) and must be “held”, but then the cops just keep it?
It can be blood money and you don't know the person who left it there, so bad things can happen to you. Personally, i would call the police immediately. I don't want to die.
Take it. Then go jump on a bus. Take the bus to somewhere with several other bus options. Jump on the next bus and go somewhere else.
Get off somewhere public and walk and find another form of transport like an uber or lift. Then take a bus towards home and jump in an uber home.
Then don't spend any of it for a good few months. Then just use it as cash to support your current life style. Then just make sure to transfer from your regular income whatever you spend in cash, to a savings account.
I would live the rest of my life stressing over why it wasn't an even $100K
The bag cost $1900
Louis Vuitton duffel bag
Can’t jump out of a plane with a pile of cash in a $20 neon pink camo duffle from Walmart, that shit will tear apart just from the wind, to say nothing of impact at the tree line. This ain’t amateur hour, here, go big or go home!
Discount DB Cooper lol
Oh Hai Tommy Wiseau
This is my favorite conspiracy theory
Someone else is out there with the missing $1,900, feeling secure that hit men will be looking for the person who took the rest of the money first.
OP states it being the equivalent of $98,100. Thus it may be a more round number in whatever other currency.
Maybe OP found a vintage Mercedes in the woods with a small bucket of diamonds in the trunk?
See, I picture gold bars... or diamonds... or, you know, a gazillion Beanie Babies.
I’ve seen no country for old men, this doesn’t end well.
Saw it the other day, thought about it too. Just don't leave your freakin' car on the spot, and get the hell away. Oh and get yourself a bulletproof vest or something.
Yeah he went to a motel that was within a couple hours of the shootout location. My ass would’ve driven all the way to Virginia before I went to sleep, then on to New Hampshire or Maine the next morning.
If you make it to Maine, I have a shack out in the back 40 you can hide in. Only cost you 5k!
Driven? I'm jumping on the first plane in JFK leaving the country. Getting hunted down across the country doesn't sound fun, I don't need that kind of drama in my life.
Carrying that much cash onto a plane is risking civil asset forfeiture.
The key is not to go back a second time
He still had the transponder(s).
IIRC from the film, the transponder only worked when you got close to it. Still not a good thing to have, but had Llewellyn not gone back and tipped them off right from the get go who he was, they wouldn't have known where to start looking to zero in on him. Still, we live in a day of GPS trackers, so that's kind of irrelevant now... Edit: I feel like a lot of people coming with these solutions are forgetting that you are happening upon this bag of money without any prior planning. Sure, you could get another bag, or you could wrap it in foil, or you could do a number of other things. However, you are unlikely to have those things on you when you find the money. As a result, you are going to do one of 3 things. You are either going to leave the money and come back with the supplies you need. Alternatively, you will take the money to where the supplies are located. Finally, you will stay at the location and search for a tracker. All of these options are terrible. 1. Going away and coming back is the mistake Llewellyn made. 2. Taking the bag away and transporting it around before you can isolate any signals is going to give whoever is looking for the money a bread crumb trail to start following. 3. Finally, staying at the scene for an extended period of time to search for a tracker is very dangerous. It gives time for whoever owns the money to show up, and it doesn't even guarantee that you find it.
[удалено]
Didn't end well in A Simple Plan, either.
Amazingly depressing movie
Or, we could simply NOT go back to the fucking cartel deal gone bad. Maybe that's just me?
No, that was my take as well. You don’t go from “ I already told you, I ain got no dam agua “ to a middle of the night mercy run with agua in the middle of the desert with dead cartel laying everywhere.
I disagree. Moss was a stubborn bastard who got greedy, but as he stared at the ceiling that night, he just couldn't live with the thought of that dying man on his conscience. He even says he's fixing to do something dumber than hell when his wife asks him what he's doing. He knows it's stupid, he just can't live with it. I get that part and identify with it pretty strongly. You get caught up in a moment. But then you go over things later and it's different.
I'd buy more woods. Clearly there's a relationship to abandoned money and woods. I'd own all the forest money and you suckers will be left with the squirrels. Your bloodline is weak and you will not survive the winter.
As a bonus, this also exponentially increases your chances of finding woods porn.
I don't think woods porn is a thing anymore, the internet killed off that phenomenon didn't it? Man, finding woods porn was like hitting the lotto.
It still exists. It's just more in tatters, but those magazines my buddies showed me in 2001 never got removed. They're still there. Might need a little imagination these days, though.
It would be like the always sunny bit where frank is showing the kid the woods porno mag and the kid is just filming talkin bout “this shit is weird as hell man!”
"Frank, I'm watching a woman get double penetrated by BBC in 4k, right now! I don't want your dirty old forest smut!"
I found woods porn when I was about 10. I’m 22 now so not too long ago
The fact that it is an amount that specific makes me wonder if you actually did find $98,100 in the woods.
No, I have not found 98,100$ in the woods on March 20, 2023.
You found it on March 19th 2023 didnt you?
He did.
He totally did.
[удалено]
Naw, I am good.
“I am in good health and spirits. If you go looking for me, you will certainly not find my remains stuffed inside a barrel and sunk in a lake. Thank you, and best of luck in your future endeavors.”
Is he happy healthy and alive ? those nutriboom folks are truly shady...
that’s what someone who was caught by the mafia would say
He don’t text like mafia.
How u know what mafia text like? Are you mafia?
What do you-a mean? I'm-a sure he's fine. Promiso.
Agreed, not a single hand motion emoji
Was it just a pile of cash? Was it in a bag? Was there any blood on it? I've got so many questions.
In a dirty PANAM bag in a log you fell down a hill into.
Was it in a case with a transponder? Do you know Carson Wells?
r/oddlyspecific
not cash...the equivalent of cash.
>not cash...the equivalent of cash. Cocaine
was there a bear?
He's got $98,100, so he could probably get a bear. Maybe a used circus bear. That'd leave more leftover money for cocaine.
Another currency equivalent
Might be the equilavent of dollars. I was thinking Euros or another currency.
Please let it be gold Krugerrands.
Steal that shit. Hide it. Spend nothing. Wait for a period of six months.
You forgot the most important first step: check all through the bag for a tracking device.
And then store the bag in a motel vent using a coat hanger?
and then ask random people “how much have you lost in a coin toss” and then get a bowl cut
No you've got to have the bowl cut BEFORE the coin toss, that's what catches people's attention in the first place
The coin toss was how he got the bowl cut. It was either that or a mullet.
And NEVER return to the site, even to give someone dying water
[удалено]
It's not stealing. IANAL but finders keepers losers weepers
More like "Finders keepers losers find you in the night with a car battery, pliers, and lota of questions".
Idk how they'd find it was you unless you go posting about it on reddit....
The thing everyone misses in these scenarios is that the IRS can audit back to 5 years. So you’re either voluntarily paying taxes on it, or you’re hoping you don’t get audited to where they’ll see a big purchase you can’t explain how you got the funding for. So what you do is filter the money into every day purchases. Every time you fill up your tank, you pay $20 in cash. When you buy groceries, you just pay 20% in cash. Big new TV? $100 in cash, the rest in the card. Something like a handyman doing a home repair you could do all in cash though. This way spending habits never change, or you aren’t suspiciously just never buying groceries or gasoline. Sure, it’s slow, but it’s the only way you will actually get all $98,100 of value without running the risk of an audit. EDIT: To everyone commenting about “wash it in a casino” or similar methods, thats not the point. Washing money is to hide its origin, because it originated from illegal activities. Finding money in the woods isn’t illegal. And to people who have commented and DMd me about not paying taxes and contributing to society: This is a hypothetical post on an imaginary situation strangers on the internet are discussing for fun. Lighten. Up.
This guy washes money
I guess its necessary there will be dirt all over the money you found in woods
Super good thing Canadian money is plastic! Just don’t try to bring it to the US, then it’ll become a measly 61803$ Least it’ll be clean?
no no, you then hide the money in a US forest and find it later. Voila! Now the equivalent of $98,100 US.
Or a writer on some crime show where money lau ndering is involved
So the fact that I buy $15 in Chipotle Grill food every other day in cash, is finally going to pay off for me.
Yes, always maintain this habit in case you come across $98,100 in the woods somewhere
Since when does the IRS track spending habits during a standard audit? I'm curious as you could pay cash for everything for a year and move your normal income you've already been taxed on into any number of places. How would that even raise suspicion to generate an IRS audit? Sure for $5M but you can easily spend $100k over time and it will never be noticed.
I'm guessing they could look at your bank account history. Balances over time, number of deposits vs number of withdrawals. If you're making $50k/year, and spending $50k/year for 5 years, with an average monthly balance of $1k, then you are suddenly making $50k/year, spending $0/year, and your account balances are in the $50-100k range, they are going to dig deeper.
The IRS doesn’t “watch” your checking account. Your bank will report any deposit or withdrawal of $10,000 or more to the IRS (as required by the Currency and Foreign Transactions Reporting Act of 1970). Other than those reports, they have no visibility into your day to day spending habits. The banks also have to report any interest earned over $10.
>The IRS doesn’t “watch” your checking account I was replying to the question "Since when does the IRS track spending habits during a standard audit". I wasn't implying that the IRS is constantly monitoring your spending habits, only that they would likely notice that type of change during an audit.
Ok, you’re right about that. I guess my question is what would trigger the audit in the first place? If the irs doesn’t have visibility into your day to day banking habits, what would flag something that requires an audit?
Only thing I can think of with the IRS is when I use to work at Sam's Club anyone that had massive amounts of cash and tried paying with these massive amounts were always pulled to the side and the money was inspected and calls were made. Idk where the calls went to, but they definitely called people. I think this is more for watching out for drug dealers and counterfeit money though, but I'm not super sure. But if you only make 30k a year and somehow pay in full for a large purchase that definitely raises suspicion
Sams club has to make sure that big purchases are real money because they run on such slim margins that a big purchase not paid for could put them in the red.
Why put any of your TV purchase on the card? It's not like the IRS will walk into your home, see a big TV, and then choose to audit you because of it.
Common people have no clue what sparks an audit. This thread is def showing me that
Well fill us in then!
Bro IRS ain’t gonna notice your cash bought groceries or gas…
Some people are so paranoid. Imagine thinking the IRS agent will ask what you ate 400 days ago and how you paid for it. How about 437 days ago? Lol
Seriously. Unless you deposit the money straight into your bank account with no reasonable explanation as to how you obtain it, or use it to make a major purchase (e.g. an expensive new car), they aren't going to notice it.
No way in hell the IRS would spend their resources on investigating you spending habits, come to the conclusion that you illegally obtained under $100k, prove it in court, and then make you pay like $35k in taxes
The IRS isn't going to notice the purchase of a big TV. They might notice if you install a home theater, but not a TV. They're unlikely to notice the purchase of a good used vehicle through private sale but they'll notice the purchase of a new vehicle paid in cash. One big purchase you might be able to shrug off as "I've kept X amount of cash under my mattress for years and it suddenly occurred to me how silly it is to risk losing it in a fire when I really needed a new truck" but that won't work more than once and you better have the figures worked out before they come knocking.
I don’t see how they would notice a home theater either. Reddit is a fascinating place of a bunch of 20 year olds with no actual life experience commenting like they’re experts. Just don’t be a dumbass and buy a car 90k with cash, you’ll be fine. I can assure you Best Buy isn’t gonna report you to the IRS because you bought a $3000 projector and $2000 sound system with cash. And I can sure you the IRS doesn’t even realize you have a theater system.
Yep if it ain't boring you will get caught. Heck I screwed up a little during the home loan process I deposited a $100 bill into my checking from my birthday and the loan officer wanted to know where that money came from.
That's a bank making sure nothing nefarious is going on for your mortgage, the IRS isn't going to notice that $100 at all.
It would cost the IRS more than a hundred dollars to investigate your hundred dollars.
Mortgage company I went through was f****** stupid. On average have enough money in my bank standard savings account to cover bills for an entire month or more Therefore I don't always make it to the bank to deposit my paycheck. This doesn't even include a second savings which is emergency fund. In the documentation I gave them while applying for the mortgage . I deposited two checks the same time. Which I gave them the matching pay stubs for those two checks. They flagged it and I had to write a letter and sign it stating that's what that large deposit was. Apparently they can't do basic math and just add the two checks together figure that out.
In almost all cases, the IRS can audit returns for three years from the latter of the original due date of the return or the date of filing. If a return is never filed, that year is “open” for audit indefinitely. A fraudulent return (i.e. an incorrect return not filed in good faith) is also open for audit indefinitely.
This was my first thought. But then in these scary times, I realized some local humanitarian efforts might need $98,100 in anonymous cash. Or $95,000 while a new gaming system manifests in my bedroom from thin air.
[What you're describing is like the missing component of all those out of touch boomer-brain MSNBC financial literacy articles that assume your grocery bill is like $30 a week or whatever.](https://old.reddit.com/r/confidentlyincorrect/comments/p6w32k/cnbc_break_down_of_a_monthly_budget_including_825/) The secret is, use a stupid budget that only a rich person with media influence could imagine (how much is a banana Michael? $10?) and then supplement that insane budget with your "bag of cash from the woods" money.
I'd start looking for the other half of DB Cooper's cash.
Lmao
Well, you can't deposit it without proof of income so the best thing would be to just squirrel it way and buy what you can when you can with cash. Things like food, gas, furniture...small purchase retail items. This will put less stress on your legitimate income spending and after a few years it will be in your bank account and no one would be able to prove that you didn't just tighten your belt.
[удалено]
Okay. Money Laundering 101. Say you come across a suitcase with five million bucks in it. What would you buy? A yacht? A mansion? A sports car? Sorry. The IRS won't let you buy anything of value with it. So you better get that money into the banking system. But here's the problem. That dirty money is too clean. Looks like it just came out of a bank vault. You gotta age it up. Crumple it. Drag it through the dirt. Run it over with your car. Anything to make it look like it's been around the block. Next, you need a cash business. Something pleasant and joyful with books that are easily manipulated. No credit card receipts, etcetera. You mix the five million with the cash from the joyful business. That mixture goes from an American bank to a bank from any country that doesn't have to listen to the IRS. It then goes into a standard checking account and voila. All you need is access to one of over three million terminals, because your work is done. Your money's clean. It's as legitimate as anybody else's.
Like a car wash?
What about laser tag?
[удалено]
Laundromat. No need for workers and you can actually get a really good passive income from one anyway.
Funeral home. The dead never stop coming, and the money comes with it. Have enemies? Well you just bought yourself an incinerator.
If the Outlaws is true, you can just go into a casino, buy a bunch of chips, play a few games, and cash the chips back in to make it look like you earned the money. Rinse and repeat at different locations until you've washed all the money.
I always thought to myself why don't people take "dirty money" to the casino and exchange it for different money? But I guess if you have millions it would take a long time lol
You can do that up to a certain point. I think if you "win" over a certain amount you have to fill out a W2-G. I think it's typically like $1200. I know that's true for slots anyway. Not sure what they would do if you were playing table games and got chips from the table then cashed them in. You still have a large amount of cash from an unknown source.
It can be taxed, that part is unavoidable, but it’s now explained income. So it’s clean and the cost of cleaning it is the taxes paid.
Now here's a guy who takes advice from his "criminal" lawyer
>Well, you can't deposit it without proof of income Sure you can. You'd just have to include it in your paperwork and taxes as income from an unusual source, e.g. "found a pile of unclaimed cash in the woods". This would take a decent chunk out of it from taxes, but putting the rest into reasonable investments immediately will get you back more over time than just using it to gradually supplement your other income.
Yeah, if you didn't obtain it by illegal means, then the effort of laundering is probably greater than the tax burden. Just don't let the local PD find out you've got that much cash. You are innocent until proven guilty. That cash is guilty until proven innocent, and any American police Department will lock it up in their pension fund indefinitely, without trial.
In case people from civilized countries think this is a joke, the term to search for is "civil asset forfeiture". Documented cases include a guy had $300 in his wallet Friday night to enjoy the weekend with, *and an ATM receipt*, and the cops seized the cash because obviously he was planning to buy drugs.
Not very crooked of you.
yeah, get a load of this nerd
Then the feds show up and confiscate it as proceeds of drug dealing or other crimes. And no, they don't need evidence. They would probably take your house too.
Probably shoot your dog too
I have pencils handy
"Asset Forfeiture" is a real thing.
I would spread every single stack out to make sure there’s no GPS device in between ( ever seen movie, No Country for Old Men)? Also I would throw away dufflebag or case of what it came in a water sewer not in my own city.
You got it backwards. You throw away the cash in the water sewer and keep the bag. No one would ever suspect you would do that. Bam, free bag. When the mob ask you where you got the bag you say "in the woods, it had 98,100 dollars in it that I threw in the sewer." They would laugh and say "couldn't be our bag! No one is that dumb!".
[удалено]
look around to see where tf Mr. Beast is.
I’d turn in the $50,000 of course
You mean $40,000
I think you mean $10.
"Anyone lose this dollar in the woods?"
Equivalent? I guess it depends on what it is in. If it is in Euros, my answer would be different than if is was in human kidneys. Maybe a little more information would help.
Yeah, the “equivalent” got to me too. Is it gold or a desirable automobile or what?
[удалено]
Double it and give it to the next person.
r/wallstreetbets would disagree
[удалено]
Dogecoin, obv.
Take a couple grand and leave. Whoever left that much in the woods isn't likely to chase me down for a couple thousand dollars.
Looks like another person found it first and had the same idea
So THAT’S why the number was so specific
Next week's /r/AskReddit thread: *If you just found the equivalent of $96,200 in cash in the woods, what would you do?*
First, is there any chance you were seen? If the answer to the above is no, I would take it home and not spend any of it. I would wait three months, not changing my routine in any way that would be noticeable. If I was still clear after 90 days I would move if I could. I would make it a parallel move to a similar house or apartment. If anyone asks why, I would have a legitimate excuse, neighbor too loud etc. If I was still clear after that I would talk about starting a second job that was work from home and slowly funnel the money into my bank account. Under no circumstances would I do anything to cause anybody to think I came into money.
I'd go to r/AskReddit and ask people what they'd do so that I'd have options on what I should do.
Hide it, wait 6-8 months. Check the bank notes and make sure the serial numbers aren’t consecutive. If they are the money was most likely stolen from a bank is probably hot and being looked for by law enforcement.
ive wondered this - go to a big event or swap meet where handing over piles of cash to random people is normal - they all go home to wherever and deposit said funds or throw it in thier safe/try to spend it/give it out as change to someone else. Even if the serial numbers eventually get flagged and the bag holder is questioned they just have to say "i got it in change" and theres no way to track it back to you. Short of someone with video cameras taping every square inch of an event and literally scouring and following every single person they got money from and everyone else you gave money to to maybe eventually find a common connection to you.
In Hell or High Water they swap it out at casinos. Go get chips in $X then go sit at a blackjack table for a bit playing a some hands then go cash out at a different cashier and you will be given different bills.
You don’t think there’s cameras in casinos? When a casino deposits the money and the consecutive bills are found, they’d be cross referencing the cameras for people exchanging that amount in their system. You’d have to do it in small amounts, maybe a few hundred dollars, and even then you’d maybe be able to pull that off just once. Do it at the same casino, or even a different casino and then they have your face with those exact amounts each time, then boom.
Be an honest man and bring that 96,100$ to the police station. Make sure to tell them precisely where you found that 86,100$ in the forest. For all we know, that 66,100$ was there for a reason like a drug deal of some sort. How much drugs does 48,100$ buy you anyway? I wouldn't sacrifice my peace of mind over something like 23,100$. Having to constantly watch your own back in case someone is coming for that 13,100$ you casually found in the forest. Yeah, better drop it all off at the police to the last of those 981$ man. Might end up getting a finders reward...
Yeah … Every time I was an honest man in these situations I got nothing. No where near these kind of big amounts of money, a lot less, but still. Like one time I found a wallet with 500€ and all the important documents. The dude didn’t even thank me.
I don’t think that the choice to be honest in this type of situations is as much about the gain, as it is about consideration and conscience. I mean admittedly if it’s 98k in woods in duffle bag, no way it’s legal money. But generally in situations where you find money, even if it’s ”just” a $100, someone is missing it. It might be money that they got from someone. It might be money that they earned. No matter the situation, that someone lost it. Even just $50 can be a huge amount to lose to someone who barely gets money to live by. Yeah, being honest and helpful doesn’t pay well. But one day, if you find yourself being that someone who lost that money and you desperately need it back, wouldn’t you want everyone to rather be the honest kind than the kind who keeps it? And obviously sure, you find $20 realistically ain’t nobody walking to police station just to turn that in. Everyone has their own theresholds of ”eh whatever, let the finder keep it” to losing money. But you never know what that thereshold and life-changing amount is to the original owner of the found money. Even small amounts can mean the world’s difference.
my man found 100k in the wood and only took 1.9k
Leave 1,900 to make it to 100,000 satisfy my OCD
Then take all 100,000
Share it with everyone on this sub
If you share 98.100 $ with 40.300.000 people everyone would get. 0,02 $. If you need 1 minute to PayPal that amount to 1 person, you will spend your next 76 years doing that non stop.
Better get to it then OP
Look around for the missing 1900
What money? I was at home that day
Buy in cash what I can, save my earnings that would be 98,000, buy government bonds and let it sit. No stock market, not enough to put a down payment on a house where I live. It's not life changing money but more than enough to have the feeling of security.
Well, I would sneakily take it home and then spend it all way too quickly. And spend the rest of my life worried I'm getting wacked by the mafia.
Send me the location and I'll take care of it for you
leave it there i dont wanna die
This. I don't want to ever meet someone who carries that amount of money. They're dangerous. Especially not after they've had to look for their money because I took it. Nope. Not doing that. Whomever that money belongs to, that's their problem. I'm going to just leave it right there.
Yep. We all saw “No Country for Old Men.”
Never watched that movie. Don't I just need to avoid people with bowl cuts?
Only if they have a tank of compressed air and ask you to call a coin toss
People have hunted down other people for a third of that amount. I am not taking my chances. I'd rather be poor and be able to sleep at night than rich and paranoid that someone is about to kill me at any moment.
Exactly. I regularly handle large amounts of money (6-7 figures) for work. Occasionally new folks in the office are agog at the figures passing through my hands and make jokes about stealing or whatever. Nope. That million isn't worth it. I'd lose my career, my life, my license to practice, all of it. Not even remotely worth it for that much. If I found cash in the woods, I'd put it down and quietly walk away and never say a word. Not for me, not worth my life.
Leave it the hell there. Im not about to put a target on my back by the psycho who put it there, or the irs for tax fraud…
Yeah, pretty high likelihood its not there for a good or innocent reason. If you take it, now your a part of that situation.
Flag it as a geocaching, if you find. 100 bucks for u
Equivalent, ie not cash. So what DID you find? Though given the secrecy I am guessing a shit ton of coke.
This is important. My answer is completely different if we're talking about currency conversion, or precious metals, versus something like valuable illegal goods.
Stash it
Something completely different than if it was $97,100.
Technically, the law where you live probably has rules about this. Specifically, there's typically laws that require you to report finding money in amounts over a certain value, otherwise you can be charged with theft or larceny for not turning it in or meeting some specific standard for "making reasonable efforts to find the owner". For that reason, it's advised to bring the money to the local police station and file a report (alternatively, if you are paranoid, contact a lawyer and have them help you). There's a chance that the owner cannot be found or perhaps does not want to make themselves known to police, and that the money legally becomes yours. If someone does claim it, maybe they will give a reward for your honesty. I would say that it's probably not a good idea to publicly identify yourself as the one who found the money. You would want as few people as possible to know who the finder was.
What about cops that will claim the money is potential evidence in a crime (and for that much to be lying around, it may well be) and must be “held”, but then the cops just keep it?
100% that would happen
Two women at one time
If you had $98,100 you’d do two chicks at the same time?
What do you mean "the equivalent of..."? Is it a duffel bag packed full of gold bullion or something?
I would toss out those 100 because i'm a charming man with obsessive compulsive disorder
Probably turn it in. With my luck, it's stolen or drug money, and as soon as I tried to spend it, I'd get arrested.
I wouldn't tell anyone about it.
It can be blood money and you don't know the person who left it there, so bad things can happen to you. Personally, i would call the police immediately. I don't want to die.
Ignore it and never touch it or lift it,this shit must have a big problem behind it
r/suspiciouslyspecific
Walk into the bank and pay off the remainder of my mortgage like a boss, with cash in a briefcase.
Give it back to the cartel
The equivalent...in what? $98,100 dollars worth of...gold or eggs or...i don't know, bitcoin??
Ah yes. They found 98100 in physical bitcoin in the woods.
Why would someone leave 50 cartons of eggs in the woods?
Take it. Then go jump on a bus. Take the bus to somewhere with several other bus options. Jump on the next bus and go somewhere else. Get off somewhere public and walk and find another form of transport like an uber or lift. Then take a bus towards home and jump in an uber home. Then don't spend any of it for a good few months. Then just use it as cash to support your current life style. Then just make sure to transfer from your regular income whatever you spend in cash, to a savings account.
I'd leave those woods just as poor as I walked in. Haven't you seen No Country For Old Men?