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Tax Evasion For Keeping Cash at Home

28 February 2009 3 Comments
I want to save money, but do not trust banks. How much money can I keep at home in a safe place before they ivasion tax?

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3 Comments »

  • rtfm said:

    You can keep as much money at home as you want to. Keeping money at home has nothing to do with tax evasion. Tax evasion is when you earn money and don’t report your income to the IRS.

    Keeping all your money at home, on the other hand, is a really stupid idea. Even if it never gets stolen — what would happen if there is a fire?

    # 27 February 2009 at 1:01 am
  • src50 said:

    “keeping” money, at home or elsewhere, doesn’t generate taxes; EARNING money does. Keeping cash stashed anywhere is a dumb idea.

    # 27 February 2009 at 1:24 pm
  • Judy said:

    The first dollar no law limiting the money you can keep at home in safe if its income that you can keep at home in safe if its income that.

    # 2 March 2009 at 5:15 am

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