Originally Posted by
Goldi
"Where you trying to pay cash to skirt around the reporting requirement?"
Pay cash? You obviously didn't read what I posted. The transaction was for the SALE of some precious metals. The vendor made a wire transfer into the account of the seller.
"I'd like to see someone here participate in Social Security and have all the required deductions and taxes taken from thier paycheck and file a 1040 using this "lawful money" idea demanding all their monies return and see what the IRS sends them."
There are at least 2 if not more pieces of proof that David M. has posted of people who did EXACTLY that. They provided the IRS copies of their paychecks, properly restricted indorsements on the backside and they got REFUNDS.