Добавлено: Пт Авг 10, 2018 17:20 Заголовок сообщения: cash into a bank account create tax issues with the IRS?
I am posting this hoping to leverage the community knowledge to help my mom. She has over $75,000 in physical cash in a safe that she accumulated over many many years. She does not know much about investing, and cashed paychecks to feel secure while raising two kids on her own.
I am helping her plan her retirement and would like to move this into the bank to be invested over the next few years.
Would depositing the cash into a bank account create tax issues with the IRS? She is a special education teacher and has a very modest income. The money was made legitimately through her work, but moving that much cash could look odd.
I didn't find the right solution from the internet.