Quote from: tbart on July 26, 2013, 03:30 pmlaundry mats are a good cash, low audit possibility business - in an earlier life (70s/80s) i owned a few apt buildings (2 6 unit and 1 12 unit) and learned real quick, the frigging laundry machines in the basement were money makers (even with low population building (the 6 units were 3 bedroom apts, so a total of 18 people), what with the security door entrance and most of my tenants were female) their friends and boyfriends would bring their laundry over to my bldgs to do it while they were banging their girlfriend, whatevertwo machine sets (washer/dryer) each in the 6 unit buidlings, and 3 machine sets, on average brought in $210/225 per set and this was when machines were set to $0.75 percan't imagine what a laundrymat in a good location (ie in/around a university) does on a good day, and it's all in cashthe negatives - a roofer's wife will bring in his clothes dirty with tar (not to ruin her own machines at home) and it's a bitch to clean that machine.if you own a rental property, put the machines in, only to claim the income from the machines, even if they're never usedNo they're a poor choice. If you know about them or many people know, it is automatically a poor choice as I guarantee the FATF are already all over it, I've destroyed the laundromat idea many times over on this forum, it just doesn't work, they can and will know if you are using it for laundering purposes quite quickly when you submit your annual returns. The residential block is a new option or way of doing it, but again unless it is a huge residential block, the amount you can realistically push through it is low before questions get asked.Quote from: Veetano on July 26, 2013, 04:48 pmOnline services are the best. Especially various creative trades. There are thousands of people out there who get paid $10,000-$50,000 and upwards of $200,000 for creative trades from very high ranking celebrities, and a lot of these people excessively flaunt their cash so having it all in cash can easily be explained. Honestly all the IRS cares about is that you pay your taxes and there is not an obvious drug money connection. While it may not be a realistic comparison, if you look at the movie scar-face, they brought all of their drug money straight to the bank under the guise of a realtor company. Just gotta be creative and don't trust any one method. It's not the method that counts but the throughness of it, how well it will fly to the tax man, etc.Incorrect, the IRS care about results, they're one of the most target orientated government organisations there is and they usually just about scrape their target so they're pretty desperate to catch anyone out. Online options are also quite dodgy unless you can set up a sophisticated system and provide a fully auditable path - do not forget they do not need a reason to seize your assets as it is your duty to ensure you can account for all revenues and expenditure and failing to do so means they can take it with court cases panning out years.Scarface reference: It's a movie, there's no way in hell you could pull that off today in the way they present it, especially not in this current day and age. To do it through property is a different approach entirely.Your last point is quite true, but the better option is to ensure you can create a fully auditable path of funds so even if you are the most highly suspected person on their watchlist for possible money laundering and setting off all kinds of flags, you can still continue as normal and not have to worry, that's the difference between a launderer and a good launderer.