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Say someone gives me $90k in cash and I put it in my checking account. How much and for how long do i pay tax
11-19-2012, 02:24 AM
Post: #4
 
Assuming your checking account pays interest then you just pay income tax on the interest forever. The 90K is tax free.
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[] - Judy - 11-19-2012, 02:24 AM
[] - acmeraven - 11-19-2012, 02:24 AM
[] - spicertax - 11-19-2012 02:24 AM
[] - extra_37 - 11-19-2012, 02:24 AM
[] - bmwdriver11 - 11-19-2012, 02:24 AM

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