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Yes. Cash and gifts are considered "income" and is taxable by the IRS.

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14y ago
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2w ago

Yes, it is illegal to deny receiving cash or gifts to the IRS. This could be considered tax evasion or fraud if the cash or gifts were not reported as income on your tax return. It's important to report all sources of income to the IRS to avoid penalties or legal consequences.

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Q: Is it illegal to deny receiving cash or gifts to the IRS?
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