My partner and I are in the process of purchasing a pizzeria. Everything was all good with the financials and the business has a solid reputation. With that being said we decided to proceed with the deal. The seller agreed to 80k upfront and 20k seller finance to be paid in quarterly installments. We are putting 10k from our own funds and borrowing 70k from the bank. The seller prefers that we give him 70k cash instead of writing him a check or having the funds disbursed straight into his bank account because he doesn't want to pay taxes on it. My partner and I both know that if we pull 70k cash from the bank then they are going to submit a CTR to the IRS which is fine we both have nothing to hide. The problem we're facing now is that we don't want the IRS to think we are helping this guy avoid taxes, so does it just make sense to disburse the loan into the sellers bank account or will we be fine with paying up the 70k cash?Edit: We are buying our first business. via /r/Entrepreneur https://ift.tt/3eg37z3