Originally Posted by Carol H
Floyd I think you can thank the drug trade for the rule rather than a tax issue. Its to make it more difficult or stop that trade from easily getting rid of large sums of cash and transferring the money around the world unnoticed.
I had a friend last week who brandished his arms to me and said he was a free man as long as there were no actual shackles on his wrists.
Guess my standards are a little higher.
But back to payment for a trailer....
We have always been cautious, but not paranoid. Once we sent the title
to a buyer with only a non-refundable deposit. They needed to get registration
before coming west on their way on a sabbatical.
I still had the trailer until they arrived with the balance in cash.
It was a great experience requiring mutual trust and common sense.