Josh owns a cash only barbershop. He is very successful and makes thousands of dollars in cash every day. He uses his barbershop as a front for his drug dealing business. He reports that he earns just 45,000 per year when its well over 200,000. He definitely lives as though he makes 200,000. He paid for his luxury home in cash and has a small fleet of classic and sports cars. This disparity between lifestyle and income may attract the intention of whom?

Question

Quizplus · Accepted Answer

The IRS (Internal Revenue Service) is responsible for collecting taxes and enforcing tax laws in the United States. A significant discrepancy between reported income and lifestyle, especially involving large amounts of cash, could indicate tax evasion or other financial irregularities, which would interest the IRS.

Josh Owns a Cash Only Barbershop