Hello,
A friend of mine is trying to purchase a home sometime soon, so he will be dropping some down payment on the house. He has side businesses that helps him gets paid under the table, so he is worried about using that cash for the down payment. Due to this, he asked me if he could give me 10k in cash and then I can write him a cashier check giving him the entire money back.
Since I have never wrote a cashier check before, what exactly will I need to be concern about? Would the check I write need to be included on my taxable income? If I don't include it in my income for the year, will the IRS go after me? What are other things that I should be worried about?
Submitted August 26, 2017 at 07:09PM by Boy_SunShine http://ift.tt/2wR4VeK
