So the otherday I was at the bank and person on the next counter was making a bitcoin transaction. They exchanged money and I overhear the teller saying, "You have so many transactions, you could be audited, as it appears to look like money laundering. The IRS also Audited several of their customers last year."
I tried to Google this but there wasn't much to offer (and reddit).
cash only fuck using the exchanges. especially if you're a vendor. I pay rent and all my bills with cash. If you don't have any check deposits/auto deposit from a business, just cash deposits, and no job, and you're spending thousands of dollars a month, that looks realllly bad.
also keep all your activity under 10k or it will trigger an IRS alert.