I see that many people, especially escorts, in markets like Vegas, receive cash for services. I wonder how they, especially high-earning escorts, manage cash transactions, with all the reporting requirements the financial institutions have to comply with.
It's taking cash out of a bank that can get a bit tricky, as one former congressman found out recently.
Of course, some gals never put the money into the bank, and never declare it. They just pay for everything with cash and reap the benefits of tax free living, but there's a chance they'll get caught some day and this will catch up with them
I suppose escorts with a modest income could declare their profession as something like housecleaning or interior designing. For big incomes, I guess IRS might be interested in the type of self-employment. And, I guess it would be difficult to pay off big expenses like home or an automobile with cash.
I think Freud might have something to say about that little slip. lol
but you are correct, the IRS only wants your money. I have been dealing with the same bookie for twenty years, nobody ever bothers him because he pays his taxes.
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