greentea OP wrote
Reply to comment by celebratedrecluse in Risks and tips for depositing cash earned doing illegal things into a bank account? by greentea
Thanks so much! Sorry for my clumsy follow up question, but do you mean deposit money in a trusted friend's account? Thanks again
celebratedrecluse wrote
Have them deposit for you, and declare on their taxes the income, your deposits will pay your share of the increased tax burden (keep track of your deposits and use a tax calculator website). Major payments that cannot be made in cash, like your rent etc, will be made from this account.
The reason it is really important to trust this person, is they could potentialy steal from you.
greentea OP wrote
Ahhh I see. Thanks a lot for the clarification. I think I have people who could do that for me.
celebratedrecluse wrote
I highly recommend also keeping receipts of everything, write your own and keep any atm deposit reciepts, etc. If they try to steal from you, they'll definitely get away with it, but you'll catch on more quickly if you keep fastidious records and it'll set your mind at ease.
greentea OP wrote
Thanks :) Really appreciate advice
greentea OP wrote
Ahhh I see. Thanks a lot for the clarification. I think I have people who could do that for me.
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