[QUOTE=Melonie] However, while your statement is true at the bottom line - that as long as you have your 'ducks in a row' in regard to reporting income and paying taxes, you have nothing to worry about, I would argue that the generation of CTR's and SAR's has to have an effect on one's 'visibility' in official gov't databases and does indeed increase chances of an audit / investigation.[QUOTE]
Yes, I agree. Unfortunately, my occupation requires that I do a lot of my business in cash, so my options are limited. The best way to cover my ass is to keep good records and pay my taxes. Still, I dread the thought of an audit
FYI, one option to help avoid future problems is to talk to your bank's manager and tell him or her what you do for a living and explain it is a cash business. Although, I know that might be a little uncomfortable for some.




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