The car wash front was used in Breaking Bad.
I am sure the IRS flags these types of businesses and may audit. You better be able to cut hair. They could also ask around to determine how busy the barber shop was.
How were you able to open the car wash? Where did the money come from to buy or build the car wash? In Breaking Bad I seem to recall that they tried to buy it for a reasonable amount that they could claim was covered by savings. And they must have had proof of the savings.
If you have no savings and find $1 million in a suitcase, how can you provide proof that you used savings to acquire anything?
Another option is to buy a distressed property, and find contractors that are willing to work for cash and not report. Then you have them fix up the place. Learn some skills along the way. Then claim you did most of the work yourself. Of course, the IRS agents could ask the neighbors if any contractors came and went. Ideally the property would be out in the country where there are not a lot of witnesses.
You can pay for groceries and supplements in cash.
Pay restaurants with cash.
It's not that easy to launder money. An IRS audit could find holes easily.
Very good points here which I had already thought of. However, for the two in
bold... see next reply.
Just spend the cash on daily expenses like food, take a few vacations etc. Why would you need to launder it instead of just using as extra spending cash?
When the IRS audits someone for suspected tax evasion / money laundering, not only do they look at what you bought (high purchases like vacations, tv/audio, cars, jewelry, etc..) but they also look at what you have NOT bought. If you are paying for your gas, food, dining out, etc.. with cash.. then your bank statements will not show any purchases for those items. So then you wind up getting questions like "does your car run on water?", "how come you so fat for someone that hasn't bought groceries or food in three months", etc... Remember a paper trail can help you just as much as it hurts you.
This. Low risk, long term is the best way to do it. Why risk your ass and ruin your quality of life doing some sketchy kurd/turk lowlife stuff.
If you did your fuel, bills, groceries/food, car purchase/maintenance, home renovation/maintenance work, holidays etc in cash, your legit money would all be stacking up nicely in your bank account for a home purchase down the line where you can smash out the renovation work with the dirty cash.
Problem is, while that legit money would be stacking up... you still have to eat, drive your car, etc..
Also, on the subject of going on vacations, it is pretty much the norm more often than not today that when you are in a foreign country and exchange currency, they ask for your passport and take your information. As much as I have traveled, I can tell you that many countries now won't let you exchange more than $300-$500 USD into their form of cash currency. (And the ones that do are mostly at the airports). If you wanted to get like $5000USD in foreign currency, they would send you to a bank or financial center and that place would give you the foreign currency, but they would not accept the $5000USD in cash. They would require you to use your bank card for a digital transfer to their business account rather than taking $5000USD in cash over the counter.
