I’m not an expert at moving money, but I literally have NO CLUE as to what I would do with $25M. If I got it in my bank account, I’d have explain where it came from, since it would (obviously) be reported by my bank. If it were in cash, I could probably spend about $1M of it, over 30 years, without drawing undue attention by throwing cash everywhere (and I’m sure I’ll be checking out well before that) - with the exception being gambling, but even then, if I win a decent amount of money (even if I lost more), those ‘winnings’ get reported too.
Maybe there is some way to handle a windfall like that without traceability, but I don’t know what it is.
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You’d give it to your handler at the DoJ.
Not about money. It was about creating a secret and a feeling of guilt on the part of Dad. That guilt would cause him to obfuscate when questioned.
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This is a no-win scenario. Why? Something called the Large Currency Transaction report. Whoever paid you the money is going to have to explain, in a federal document, where that money was going because there was so much cash going out the bank door. Your name is going to be on that report. If it’s a wire transfer or check, of course they’ll obviously know who got paid.
A lot of people don’t realize that, with few exceptions, jury awards and settlements ARE considered by the IRS as taxable income.
So, if you get the money in a wire transfer or on a pallet of $100s, Uncle Sugar is still going to want his cut. The government ‘charitably’ allows you to deduct any money you paid in legal/lawyer fees. If you try to keep that money without reporting it on your annual return and the fedgov finds out, you’re ‘going to the Big House.
I believe the only money that isn’t taxable is compensatory damages from physical injuries, but I’m not certain.