Re: ARTICLE: IRS learning how

["Perry E. Metzger" <pmetzger@lehman.com>]

Paul Baclace says:
> 
> >He was taking 80K to the Bahamas or Caymans [...]
> 
> Well, obviously he should have taken tip from Ollie North and paid a
> courier to fly back and forth with $9500 at a time.  No laws against
> that.

No laws against taking 80k in cash out, either. You just have to fill
out the right forms. The problem is that taking that much out tends to
indicate that you have signature authority over a foreign bank account
which you neglected to mention on your 1040 form last year.

Perry