Nate, ever heard of a bank?
I am sure you got a checking account at least?
shareHow does he account for it?
If he puts it in the bank, then he has to pay taxes and questions arise. $10,000 as a personal trainer for a week? And the guy still has the video.
It's only ten grand, he's a pro fighter and could come up with 100 explanations, not that they would ever ask. You don't have to worry about hiding that kind of sum unless you are a known criminal with the police looking into you.
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You did just fine, Clarence. Now go get yo'self some hot cornbread!
He's a pro who put himself in an underground fight that offered a lowly payday and he lost. Don't know if the income from that bout could be accounted for either.
I don't remember the perv who hired him as a personal trainer, if he's legit or not, or if the money was under-the-table or reported. A $10k deposit gets reported. For whatever his reasons, Nate isn't ready to come to terms with his proclivities and he surely doesn't want to be linked to that guy.
Most of all, he just may not want to pay taxes.
In any case, your argument does not make any sense.
First of all, there is no question asked when you deposit cash less than 10K in your checking account. It is not that big an amount, believe it or not, and Nate had less than 10K, he already spent some of that money.
Secondly, your bank is not the INS, they don't tax your deposit, that is not their business.
Third, depositing your money into your bank account doesn't make it taxable, on the other hand, keeping your money in your drawer does not mean you don't have to declare your income.
Nate should have deposited his money into a bank account. There simply wasn't any upside for him to keep it hidden in a drawer. The official line for that 10K payment is for Nate's personal trainer service, it is a legitimate income. I doubt either side will say otherwise if they were ever questioned.