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CRH'ing and the danger of being audited?
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<p>[QUOTE="Pixl Pirate, post: 1996653, member: 71071"]I don't think that's the case. Yes, most people don't pick up and dump at the same branch, but they generally do use the same institution. And even if they don't, 99.9% of companies today so direct deposit. Even if they don't, their records would still show that they wrote a check to you. The only reason I think OP would ever get audited was if he worked cash only jobs, in which case he wouldn't get audited if he was honest on his initial tax forms. If OP does make a large profit from selling coins he CRHed, then that is a different case. I'm pretty sure federal limit on income in a year is that if you make over $600 you're obligated to divulge that on a tax form. But I think that they have way bigger fish to fry than auditing ebay sellers.[/QUOTE]</p><p><br /></p>
[QUOTE="Pixl Pirate, post: 1996653, member: 71071"]I don't think that's the case. Yes, most people don't pick up and dump at the same branch, but they generally do use the same institution. And even if they don't, 99.9% of companies today so direct deposit. Even if they don't, their records would still show that they wrote a check to you. The only reason I think OP would ever get audited was if he worked cash only jobs, in which case he wouldn't get audited if he was honest on his initial tax forms. If OP does make a large profit from selling coins he CRHed, then that is a different case. I'm pretty sure federal limit on income in a year is that if you make over $600 you're obligated to divulge that on a tax form. But I think that they have way bigger fish to fry than auditing ebay sellers.[/QUOTE]
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