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<p>[QUOTE=&quot;statequarterguy, post: 935676, member: 21782&quot;]<span style="color: black"><font face="Verdana">True the IRS tends to go after the bigger fish due to limited resources, it&#039;s a cost benefit game, unless you&#039;re caught in a TCMP audit. However you want to put it, you could be taxed based on your lifestyle. In addition, my experience with the IRS shows they are very interest in your safe deposit box - it&#039;s one of the initial audit questions (i.e. Do you have a safe deposit box?) and it shows in your bank records. In addition, the IRS can force you to open the box(es) in front of an auditor or CID agent. And, if at some point after you receive an audit notice, you access three large boxes and clean them out, that access can be used against you. Whether or not you want to call it circumstantial, the IRS can and has used safe deposit access records to show how a taxpayer was able to pay for a life style. Now the funds in a box could be from non-taxable sources, but combined with the fact that the taxpayer has no or minimal sources of non-taxable funds and the fact the taxpayer is buying and selling coins would be good enough to convict.&nbsp; I&#039;ll admit, when there are no records, it gets very &quot;iffy&quot;, so all of the factors mentioned above, as well as others, I call circumstantial, are weighed by the IRS in order to determine if they have a case against you.&nbsp; It should also be noted that a lack of or no records is a factor the IRS considers an indication of fraud.</font></span>[/QUOTE]</p><p><br /></p>

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