by Michael Pezzulli
The phrase “Cash is King” does tend to evoke warm feelings from most people in the business world; however, anyone engaged in business must understand that failing to follow the rules imposed by the Federal Government, will create a situation where cash is definitely not king.
How you handle cash can define whether you are a law-abiding citizen or are guilty of a federal crime. Whether your money was earned honestly is irrelevant. What really matters is how you deposit or withdraw your money at your local bank.