2
votes
1answer
58 views

What happens to a cashed out Roth IRA in a divorce settlement?

The husband's Roth can be cashed out (has had it over 5 years and is over 59 1/2). The wife has been granted the Roth in the property settlement. The wife needs the cash. If the husband cashes ...
7
votes
4answers
314 views

If someone gives me cash legally, can my deposit trigger an audit for them?

I understand that making a large cash deposit can trigger an IRS audit. I have about $75K to deposit. It's a mix of a loan I made to a friend by check that he paid back in cash, and a cash gift from ...
1
vote
1answer
365 views

Where can I exchange small bills for larger denominations?

I have sizable pile of cash (around $1000) that was donated by a number of people and intended to be a gift to someone else. The problem is that, because it came from lots of people, it is mostly ...
-5
votes
2answers
121 views

Can IRS detect cash used to pay mortgage as income? [closed]

Simple question: hypothetically, assume I had cash every month that I did not want to deposit (e.g. if I had renters paying cash for rent or some such income). If I took that cash directly to my ...
6
votes
5answers
970 views

Mortgage vs. Cash for U.S. home buy now

I was sure this question must have been asked and answered here long ago, but I've looked and can't find quite this question, in its most direct/blunt form, which is: If you can do it, when is it ...
7
votes
5answers
217 views

Advice on low-risk long-term strategy for extra cash?

Basics no debt; no dependents; early thirties 401K is maxed (5% company match) ESPP is maxed out 10% Roth IRA is maxed out salary is about 115K 100K cash in a checking account Question I am ...
9
votes
4answers
8k views

Would depositing large cash amounts cause problems?

I saw an article recently where a man withdrew $600,000 USD in cash from his bank. I'm sure many folks here would advise against this move for obvious (and perhaps not-so-obvious) reasons. My ...
3
votes
2answers
676 views

Tracking my spending, and incoming and outgoing (i.e cashflow)

I currently use AceMoney to track my spending, but, it gets a bit tedious. I like to track everything coming in, and going out. I'm self-employed, I have an "account" for every client, and another ...
3
votes
3answers
181 views

What forms of payment am I compelled to accept?

In relation to this question about maximum amounts a check can be written for If I sell something like a car or other expensive item on Craig's List or in the local paper classifieds, am I compelled ...