“Transfer of more than $10 k win a year without declaring it would be problematic...for both parties.”
irs.gov
WASHINGTON — If you give any one person gifts valued at more than $10,000 in a year, it is necessary to report the total gift to the Internal Revenue Service. You may even have to pay tax on the gift. The person who receives your gift does not have to report the gift to the IRS or pay gift or income tax on its value.
So, Did hunter report? Probably not.
This is all funneled through LLCs.
I know Ikeep saying it.
As a business owner for many years I understand how complicated and grey areas can be within a partnership, expenses, and who is allowed to “spend” on the company’ behalf.
We are never going to find leather cases full of strapped $100 bills. Never ever.
You WILL find stuff purchased for “an office” that is in a home. You will find groceries paid for—delivered to a home—that we’re billed to an office. You will find cars bought/leased for company reasons that are not where they are supposed to be.
Wealth is not cash. Wealth is accumulated stuff.
Corporations issue credit cards, cars, and other crap to officers all the time. I can assure you BIG corporation watch that stuff carefully. I can also assure you small, family businesses don’t. And that is where they get “caught” by the IRS.