9,999 transations get automatically the 5000 is if there is suspicion of something crooked.
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Originally Posted by Barefootsies
Thanks, I wanted to say it was $2500-3000.00 but I simply could not remember. 
As for the IRS, and $5000.00 ( irs.com website).
He told me some other shit HLS can do in tracking electronic transfers, money, and so forth if they really wanted to. They have used this tactic apparently when they can't make some HLS charges stick.
I said, well why doesn't the IRS use this to track down bank fraud and such? He said they could, and do. But they are overwhelmed and underfunded. So until something 'pops' on the radar. They do not typically just do random searches.
Kinda weird but whatever. |