How to use $15k cash (not in bank)
I used $15k from my bank account to pay for a relative’s US trip and they want to pay me back in cash. I don’t think they have paid taxes on it. What can I do with it? Can I deposit it in bank? Will I attract unwanted attention or get in trouble?
Can't u show it as a gift?
$6k per year
So they're asking you to launder money? The Money Laundering Control Act of 1986 (Public Law99-570) is a United States Act of Congress that made money laundering a federal crime.
Ask them to deposit the amount in INR to one of your Indian bank accounts.
White money?
Wait, this sounds like a reimbursement
You paid for their trip with post tax money, they're paying you back. What's the confusion here? Are they paying you $100k for spending $15k? If yes, then you have a problem. If not, go deposit in your fkn account. No big deal
It is more than 10k, he still might have to explain where he got it from. A letter from the relative might be required, since the relative doesn't have a us tax number
No, if he paid for a foreign relatives trip with post tax money and they reimburse him, he has nothing to worry about
Worst case you can travel with $9,999 without having to justify it. Put that in your account get the rest some other time.
Hookers and BLOW
Give it to me.
White money. Hmmm OP is Indian