Re: [OT]: Amount of money deposited into banks and IRS
Ted Roche wrote: On Thu, Nov 6, 2008 at 9:30 AM, Gil Hale [EMAIL PROTECTED] wrote: Perhaps, but I feel this is worthy of no worse than an [NF] subject designation. It has no technical aspects. It has little if anything to do with running a technology business. It's US-centric. And it's annoying. Sounds like [OT] to me. Please take it there, or kill it. Sheep. There...killed it. (And had already apologized for the missed label, but seeing how you don't get my emails, well, ...) I'll gladly donate a $1 fine to the next VFP convention. Just give me the link to the PayPal. g ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
Hi Pete, I don't do automatic deposits (whatever they may be) and we don't have HMRC (Her Majesty's Revenue and Customs) benchmarks I'm please to say. John Weller 01380 723235 07976 393631 Hi John! I didn't start the thread, but I think it would be interesting to set a little routine in your income program to do your deposits clear of any IRS or FBI benchmark. Perhaps clear the benchmark by some random number, different every time. Doesn't everybody do automatic deposits? -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
John Yes we do have money laundering restrictions in the UK A HVD is any business prepared to accept high value payments (HVPs). A HVP is a payment of at least €15,000 (or equivalent in any currency) in cash for goods, whether it be in a single transaction or in several instalments. This includes circumstances where your customer deposits cash directly into your bank account. If you are a HVD you need to: * put anti-money laundering systems in place so that you can identify and prevent money laundering and report any suspicious activities * register with us - failure to register with HM Revenue Customs before beginning to trade and/or accepting HVPs (of €15,000 or more) will result in a penalty * pay an annual fee based on the number of premises through which you accept HVPs * report changes during the registration year Andrew Stirling 01250 874580 http://www.calcpay.co.uk HMRC Accredited UK payroll program John Weller wrote: Hi Pete, I don't do automatic deposits (whatever they may be) and we don't have HMRC (Her Majesty's Revenue and Customs) benchmarks I'm please to say. John Weller 01380 723235 07976 393631 ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
John Weller wrote: Hi Andrew, Thanks for that - I wasn't aware. I don't deal in large sums of money since I retired g. I still think it is [OT] :-) Hi John! If you are considering the possibility of using any technical means of receiving and reporting the payments it meets the threshold for [NF]. If the software to do this can be written in FoxPro, as I believe it can, then it is OK for ProFox, as far as I know. -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
I guess we could add FoxPro to almost anything if we thought about it. Allen -Original Message- If you are considering the possibility of using any technical means of receiving and reporting the payments it meets the threshold for [NF]. If the software to do this can be written in FoxPro, as I believe it can, then it is OK for ProFox, as far as I know. -- ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
Allen wrote: I guess we could add FoxPro to almost anything if we thought about it. Allen -Original Message- If you are considering the possibility of using any technical means of receiving and reporting the payments it meets the threshold for [NF]. If the software to do this can be written in FoxPro, as I believe it can, then it is OK for ProFox, as far as I know. Hi Allen! My FoxPro Guru-guy, Arthur Alton, told me long ago that FoxPro could do anything you can do with a computer. I talked to him a year ago and he said he still uses FoxPro occasionally. I didn't ask what he usually uses. For me, the deal-breaker was M$. -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
Hi Andrew, Thanks for that - I wasn't aware. I don't deal in large sums of money since I retired g. I still think it is [OT] :-) John Weller 01380 723235 07976 393631 -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Andrew Stirling Sent: 06 November 2008 10:28 To: [EMAIL PROTECTED] Subject: Re: Amount of money deposited into banks and IRS John Yes we do have money laundering restrictions in the UK A HVD is any business prepared to accept high value payments (HVPs). A HVP is a payment of at least €15,000 (or equivalent in any currency) in cash for goods, whether it be in a single transaction or in several instalments. This includes circumstances where your customer deposits cash directly into your bank account. If you are a HVD you need to: * put anti-money laundering systems in place so that you can identify and prevent money laundering and report any suspicious activities * register with us - failure to register with HM Revenue Customs before beginning to trade and/or accepting HVPs (of €15,000 or more) will result in a penalty * pay an annual fee based on the number of premises through which you accept HVPs * report changes during the registration year Andrew Stirling 01250 874580 http://www.calcpay.co.uk HMRC Accredited UK payroll program John Weller wrote: Hi Pete, I don't do automatic deposits (whatever they may be) and we don't have HMRC (Her Majesty's Revenue and Customs) benchmarks I'm please to say. John Weller 01380 723235 07976 393631 [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
I guess we could add FoxPro to almost anything if we thought about it. Allen Perhaps, but I feel this is worthy of no worse than an [NF] subject designation. I certainly gained a few tidbits of info I can use for my VFP based analytical work for clients if called on to look at such matters. Yeah, I had most of the legal requirements nailed down, but there were nuances that were important, and several good sites offered for further (mis)information. Gil -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Allen Sent: Thursday, November 06, 2008 8:36 AM To: [EMAIL PROTECTED] Subject: RE: Amount of money deposited into banks and IRS I guess we could add FoxPro to almost anything if we thought about it. Allen -Original Message- If you are considering the possibility of using any technical means of receiving and reporting the payments it meets the threshold for [NF]. If the software to do this can be written in FoxPro, as I believe it can, then it is OK for ProFox, as far as I know. -- [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
[OT]: Amount of money deposited into banks and IRS
On Thu, Nov 6, 2008 at 9:30 AM, Gil Hale [EMAIL PROTECTED] wrote: Perhaps, but I feel this is worthy of no worse than an [NF] subject designation. It has no technical aspects. It has little if anything to do with running a technology business. It's US-centric. And it's annoying. Sounds like [OT] to me. Please take it there, or kill it. -- Ted Roche Ted Roche Associates, LLC http://www.tedroche.com ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
John Weller wrote: Hi Andrew, Thanks for that - I wasn't aware. I don't deal in large sums of money since I retired g. I still think it is [OT] :-) As long as the discussion is about business rules, I'd say NF, but as soon as people start bitching about gov't regulation and opinining their philosophy... Tweet! Whil ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: [OT]: Amount of money deposited into banks and IRS
Ted Roche wrote: On Thu, Nov 6, 2008 at 9:30 AM, Gil Hale [EMAIL PROTECTED] wrote: Perhaps, but I feel this is worthy of no worse than an [NF] subject designation. It has no technical aspects. It has little if anything to do with running a technology business. It's US-centric. And it's annoying. Sounds like [OT] to me. Please take it there, or kill it. Yassuh massah. Of course, he won't see that! LOL. -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
John Weller wrote: I find this discussion fascinating but shouldn't it really be [OT]? Hi John! If you were talking about foreign contributions via Visa/ MC gift cards to a certain US presidential campaign, yes. Otherwise, no. -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
Kristyne McDaniel wrote: Gil, Have you thought of possibly purchasing a few gold coins or smaller gold bars, then simply placing them in a safe deposit box? Or, if they want to send it all off to me, I'll invest it in my house in their name. Anytime they wish, they can visit via Google Earth. :-D Hi Kristyne! You should ask for some of the money that the unspeakable-on-non-[OT] presidential candidate will have to give to charity. Not losing your house is a good cause. -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
Hhmm opinions obviously vary Al -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Pete Theisen Hi John! If you were talking about foreign contributions via Visa/ MC gift cards to a certain US presidential campaign, yes. Otherwise, no. -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
So what exactly is the technical content? John Weller 01380 723235 07976 393631 John Weller wrote: I find this discussion fascinating but shouldn't it really be [OT]? Hi John! If you were talking about foreign contributions via Visa/ MC gift cards to a certain US presidential campaign, yes. Otherwise, no. -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS)
Larry Miller wrote: Excellent idea, as it would encourage investment and be based solely on consumption... which we know the rich do at much higher levels than the poor. However congress would have to be willing to give up the power to manipulate us through the tax code. Larry Miller And Congress doesn't want to give up tax dollars. ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS)
On Tue, Nov 4, 2008 at 7:20 PM, Larry Miller [EMAIL PROTECTED] wrote: Excellent idea, as it would encourage investment and be based solely on consumption... which we know the rich do at much higher levels than the poor. However congress would have to be willing to give up the power to manipulate us through the tax code. -- Wasn't that tax code established to catch organized crime, Al Capone, in the first place. I want to have the consumption tax. I don't see a bunch of lawyers enacting a bill to put a lot of lawyers out of business. Sharks will take care of their own. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS)
And once again we have the first lady and the president both being lawyers. * Barack Obama is not My President http://www.cafepress.com/rightwingmike --- On Wed, 11/5/08, Stephen Russell [EMAIL PROTECTED] wrote: From: Stephen Russell [EMAIL PROTECTED] Subject: Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS) To: ProFox Email List profox@leafe.com Date: Wednesday, November 5, 2008, 12:07 PM On Tue, Nov 4, 2008 at 7:20 PM, Larry Miller [EMAIL PROTECTED] wrote: Excellent idea, as it would encourage investment and be based solely on consumption... which we know the rich do at much higher levels than the poor. However congress would have to be willing to give up the power to manipulate us through the tax code. -- Wasn't that tax code established to catch organized crime, Al Capone, in the first place. I want to have the consumption tax. I don't see a bunch of lawyers enacting a bill to put a lot of lawyers out of business. Sharks will take care of their own. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious. ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS)
Stephen Russell wrote: On Tue, Nov 4, 2008 at 7:20 PM, Larry Miller [EMAIL PROTECTED] wrote: Excellent idea, as it would encourage investment and be based solely on consumption... which we know the rich do at much higher levels than the poor. However congress would have to be willing to give up the power to manipulate us through the tax code. -- Wasn't that tax code established to catch organized crime, Al Capone, in the first place. I want to have the consumption tax. I don't see a bunch of lawyers enacting a bill to put a lot of lawyers out of business. Sharks will take care of their own. That's why those jokers need term limits. Don't let us have career politicians!!! ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS)
They just used the tax code to get Al Capone. I'm sure we have a few more tools then Elliot Ness did back then, so we can feel free to dispense with it. You are correct about the lawyers... they thrive on complexity and ambiguity. Larry Miller - Original Message - From: Stephen Russell To: ProFox Email List Sent: Wed, 5 Nov 2008 17:07:13 + (UTC) Subject: Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS) On Tue, Nov 4, 2008 at 7:20 PM, Larry Miller wrote: Excellent idea, as it would encourage investment and be based solely on consumption... which we know the rich do at much higher levels than the poor. However congress would have to be willing to give up the power to manipulate us through the tax code. -- Wasn't that tax code established to catch organized crime, Al Capone, in the first place. I want to have the consumption tax. I don't see a bunch of lawyers enacting a bill to put a lot of lawyers out of business. Sharks will take care of their own. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
John Weller wrote: So what exactly is the technical content? John Weller 01380 723235 07976 393631 John Weller wrote: I find this discussion fascinating but shouldn't it really be [OT]? Hi John! If you were talking about foreign contributions via Visa/ MC gift cards to a certain US presidential campaign, yes. Otherwise, no. Hi John! I didn't start the thread, but I think it would be interesting to set a little routine in your income program to do your deposits clear of any IRS or FBI benchmark. Perhaps clear the benchmark by some random number, different every time. Doesn't everybody do automatic deposits? -- Regards, Pete http://pete-theisen.com/ ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
I believe that if you withdraw more than 5K the bank reports you to the IRS. Dont quote me in that though. --Original Message-- From: MB Software Solutions General Account Sender: [EMAIL PROTECTED] To: [EMAIL PROTECTED] ReplyTo: profox@leafe.com Subject: Amount of money deposited into banks and IRS Sent: Nov 4, 2008 11:37 AM Isn't there a certain amount (like $10,000 or something) where when banks get that amount, they report it to the IRS? I'm trying to find out what that number is. Was having a discussion with others and wanted to know. tia, --Michael ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious. Report [OT] Abuse: http://leafe.com/reportAbuse/[EMAIL PROTECTED] Sent from my Verizon Wireless BlackBerry ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
There is a 10k trip wire where cash transactions $10k are reported to the Fed, but I do not know if it is IRS specific. And merchants and banks do not have to wait until the $10k is hit if they suspect somebody is trying to play games. Hence, if you go to a bank one day and deposit $5k, then the next day deposit another $6k, the bank could opt to report that as it is apparent the depositor may be trying to evade the $10k report matter. I do not know about any withdrawal amount that could trigger a required report, but it would not surprise me at all. Mike Wohlrab advises in a separate eMail the $5k trip wire is in place. In my case I anticipate having to pull $20k in cash for a reward for someone in a few months (for instance, just an example of course g). To get away with that without tripping any wires I would need to electronically send a few thousand here and there between accounts, then over a few weeks withdraw a few thousand here and there from the various banks. If anyone is looking at these withdrawals on an inter-bank collective basis (using my SSAN as a common reference point), despite being from different banks, I may just end up getting reported for suspicious activity. Allegedly this is to prevent easy funding of drug trafficking and terrorist activity. But I feel it is flat out an invasion of my privacy. If I want to pay someone a $20k reward for a job well done, it is not my responsibility to make certain they pay taxes on that amount. I should not have to act in a suspicous or criminal-like manner with smaller disbursements over a few weeks from several banks to get what I want done. Yet that is exactly what is going on. Bottom line, if you need to do a large cash transaction, do it. You may end up being interrogated or sent to Gitmo g. But if you have a plausible reason for the transaction there ought not be any problem, but expect to be questioned. If it was me, and were I to be questioned, I would demand to have one of my attorneys present as I do not trust these spook fuckers in the least with their leading questions designed to trap a person into an alleged lie. Then the real trouble begins. I have known a few car delaers who have had to report large cash purchases, and the customers later gripe about soon after getting questioned about the source of the emoney, etc. In one case a customer was a businessman who just wanted to get his girlfriend a new car without his wife finding out. Well, the spooks went to his home and took him out for questioning. The wife got suspicious, and he ended up getting divorced by his wife as the media got wind of the event and put the pieces together, then published it. The customer was trying to sue the dealer for starting the whole ball rolling, invasion of privacy. Craziness... I hope the cash transaction you are looking at doing can't be (mis)interprested as having anything to do with a potentially illegal or questionable activity. If it is even a little edgy looking you are really asking for trouble. If the IRS does get wind of a large cash deposit that is unusual looking you may end up getting audited just because. Were it me I would open a few accounts at different banks over a period of time, then make smaller deposits into each one and do some check transactions in smaller amounts ($500 or so) between them if you must have all the money in a single account. Keep it split up, better yet. Personally I have 14 accounts between 5 different banks, some of which are business accounts. I intentionally move cash between the banks just to make certain if I do have a sizeable transaction for any reason it does not look unusual in the overall scheme of things. Why? Because I can. Seriously, it is because if I do have a large injection or withdrawal of funds, even if spread over several interbank accounts it will not be as likely to trigger anyone's attention. Are you getting paranoid yet? Good. That is the other point, folks. There is not anything that we do that can't be traced one way or another, and it sucks. And it is going to get worse unless we start to take a stand on things as seemingly minor as cameras at traffic intersections looking for folks jumping a red light (or running yellow lights after the local authorities decrease the timing of yellow lights to boost fines - in the name of increasing safety of course). For the elected officials who allow these things to occur, vote the jerks out, and let the current folks know your position re: potential invasion of privacy. I hate what I see happening with our rights under the pretense of security from terrorists. Gil -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of MB Software Solutions General Account Sent: Tuesday, November 04, 2008 11:37 AM To: [EMAIL PROTECTED] Subject: Amount of money deposited into banks and IRS Isn't there a certain amount (like $10,000 or something) where when banks get that amount,
Re: Amount of money deposited into banks and IRS
[EMAIL PROTECTED] wrote: I believe that if you withdraw more than 5K the bank reports you to the IRS. Dont quote me in that though. I'm looking at it from the DEPOSIT pov, not withdrawing. ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
Unless they have drastically lowered the amount, it was all transactions of 10k or more. John Harvey -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of [EMAIL PROTECTED] Sent: Tuesday, November 04, 2008 10:20 AM To: profox@leafe.com Subject: Re: Amount of money deposited into banks and IRS I believe that if you withdraw more than 5K the bank reports you to the IRS. Dont quote me in that though. --Original Message-- From: MB Software Solutions General Account Sender: [EMAIL PROTECTED] To: [EMAIL PROTECTED] ReplyTo: profox@leafe.com Subject: Amount of money deposited into banks and IRS Sent: Nov 4, 2008 11:37 AM Isn't there a certain amount (like $10,000 or something) where when banks get that amount, they report it to the IRS? I'm trying to find out what that number is. Was having a discussion with others and wanted to know. tia, --Michael [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED]@shelbynet.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
Oh, more on the safe deposit box folks. With a personally used safe deposit box you can deduct the cost from taxes - AFTER you meet a certain threshold where such legal, financial and banking expenses exceed a percentage of your Adjusted Gross Income. BUT, if these such expenses are business related you can deduct them from the first cent! So, what I did is I got a large safe deposit box, and I use it to place my weekly rotation of backup tapes - a legitimate business use. But I also use the same box for personal items and some gold coins and bullion. I do not (have to?) report the partial personal use of the box. So I deduct the annual fee from my taxes each year, and get the use of the box at no additional personal charge or penalty. So, if you do decide to get a deposit box to hide/store your cash amount, open the safe deposit box under your business name and take the deduction. Be sure you have a legitimate (sounding) business purpose for the box, like storing contracts, backup tapes, etc. heh-heh... Gil -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Gil Hale Sent: Tuesday, November 04, 2008 12:01 PM To: [EMAIL PROTECTED] Subject: RE: Amount of money deposited into banks and IRS Be afraid, be verr afraid. Have you thought of possibly purchasing a few gold coins or smaller gold bars, then simply placing them in a safe deposit box? If you go to different coin dealers with a few grand here and there, and select your coins/artifacts carefully so you do not lose value in the exchange were you to have to liquidate the artifacts shortly later. Or, just place the cash into a dafe deposit box, in the privacy of the little room where you are supposed to be able to put thiings into, and take things out of, the box. If you are not concerned with interest being paid on the cash that may be your best bet. Gil -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of MB Software Solutions General Account Sent: Tuesday, November 04, 2008 12:12 PM To: [EMAIL PROTECTED] Subject: Re: Amount of money deposited into banks and IRS [EMAIL PROTECTED] wrote: I believe that if you withdraw more than 5K the bank reports you to the IRS. Dont quote me in that though. I'm looking at it from the DEPOSIT pov, not withdrawing. [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
http://www.bankingquestions.com/businessaccounts/q_depositreportedtoirs.html Jeff Jeff Johnson [EMAIL PROTECTED] SanDC, Inc. 623-582-0323 Fax 623-869-0675 Phoenix Python User Group - [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: I believe that if you withdraw more than 5K the bank reports you to the IRS. Dont quote me in that though. --Original Message-- From: MB Software Solutions General Account Sender: [EMAIL PROTECTED] To: [EMAIL PROTECTED] ReplyTo: profox@leafe.com Subject: Amount of money deposited into banks and IRS Sent: Nov 4, 2008 11:37 AM Isn't there a certain amount (like $10,000 or something) where when banks get that amount, they report it to the IRS? I'm trying to find out what that number is. Was having a discussion with others and wanted to know. tia, --Michael ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
No drama, shame... heh-heh g... -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Jeff Johnson Sent: Tuesday, November 04, 2008 12:15 PM To: [EMAIL PROTECTED] Subject: Re: Amount of money deposited into banks and IRS http://www.bankingquestions.com/businessaccounts/q_depositreported toirs.html Jeff Jeff Johnson [EMAIL PROTECTED] SanDC, Inc. 623-582-0323 Fax 623-869-0675 Phoenix Python User Group - [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: I believe that if you withdraw more than 5K the bank reports you to the IRS. Dont quote me in that though. --Original Message-- From: MB Software Solutions General Account Sender: [EMAIL PROTECTED] To: [EMAIL PROTECTED] ReplyTo: profox@leafe.com Subject: Amount of money deposited into banks and IRS Sent: Nov 4, 2008 11:37 AM Isn't there a certain amount (like $10,000 or something) where when banks get that amount, they report it to the IRS? I'm trying to find out what that number is. Was having a discussion with others and wanted to know. tia, --Michael [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
http://en.wikipedia.org/wiki/Bank_Secrecy_Act Regards, LelandJ MB Software Solutions General Account wrote: Isn't there a certain amount (like $10,000 or something) where when banks get that amount, they report it to the IRS? I'm trying to find out what that number is. Was having a discussion with others and wanted to know. tia, --Michael [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
I find this discussion fascinating but shouldn't it really be [OT]? John Weller 01380 723235 07976 393631 ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
Jeff Johnson wrote: http://www.bankingquestions.com/businessaccounts/q_depositreportedtoirs.html Thanks a grand (10, actually), Jeff! ;-) ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
Perhaps NF as it could impact how we have to code a solution for clients who do handle large cash transactions. It would be nice for all of us to be aware of this matter. I know my car dealers have to deal with it with cash transactions. Gil -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of John Weller Sent: Tuesday, November 04, 2008 12:48 PM To: [EMAIL PROTECTED] Subject: RE: Amount of money deposited into banks and IRS I find this discussion fascinating but shouldn't it really be [OT]? John Weller 01380 723235 07976 393631 [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
John Weller wrote: I find this discussion fascinating but shouldn't it really be [OT]? yeah, my bad...sorry! I was thinking along the lines of a VFP app involved.hence why I forgot to add the moniker most likely. ;-) ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
Gil, Have you thought of possibly purchasing a few gold coins or smaller gold bars, then simply placing them in a safe deposit box? Or, if they want to send it all off to me, I'll invest it in my house in their name. Anytime they wish, they can visit via Google Earth. :-D Kristyne McDaniel http://www.kristynemcdaniel.com/blog http://www.emryldadvantage.com/ http://www.mcstyles.com/ Whether you think you can, or you think you can't you are right. -- Henry Ford ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
Be careful. My understanding is that if you pay any person $600 or more in one calendar year you are required to report their SSN on a 1099. We pay outside trainers for our software. We always get their SSN and store it in their vendor record. If their receipts in one year reach $600 they get a 1099. I do not think any reporting is required for payments to corporations. Of course, I believe you are allowed to give anyone $11,000 per year tax free. We would need a tax guy to tell all the different twists on this. - Original Message - From: Gil Hale [EMAIL PROTECTED] To: profox@leafe.com Sent: Tuesday, November 04, 2008 8:49 AM Subject: RE: Amount of money deposited into banks and IRS But I feel it is flat out an invasion of my privacy. If I want to pay someone a $20k reward for a job well done, it is not my responsibility to make certain they pay taxes on that amount. I should not have to act in a suspicous or criminal-like manner with smaller disbursements over a few weeks from several banks to get what I want done. Yet that is exactly what is going on. Gil ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
KAM.covad wrote: Be careful. My understanding is that if you pay any person $600 or more in one calendar year you are required to report their SSN on a 1099. We pay outside trainers for our software. We always get their SSN and store it in their vendor record. If their receipts in one year reach $600 they get a 1099. I do not think any reporting is required for payments to corporations. Of course, I believe you are allowed to give anyone $11,000 per year tax free. We would need a tax guy to tell all the different twists on this. Do we have any tax guys on the list? ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: Amount of money deposited into banks and IRS
That is true. It is $10,000. http://www.irs.gov/businesses/small/article/0,,id=148821,00.html - Original Message - From: MB Software Solutions General Account [EMAIL PROTECTED] To: ProFox Email List profox@leafe.com Sent: Tuesday, November 04, 2008 11:37 AM Subject: Amount of money deposited into banks and IRS Isn't there a certain amount (like $10,000 or something) where when banks get that amount, they report it to the IRS? I'm trying to find out what that number is. Was having a discussion with others and wanted to know. tia, --Michael [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
[OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS)
Nicholas Geti wrote: That is true. It is $10,000. http://www.irs.gov/businesses/small/article/0,,id=148821,00.html Some folks say we should get rid of the IRS entirely and just have a national sales tax. What are your thoughts on that? ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS)
You would still need an IRS to collect the sales tax. * Barack Obama Antichrist gear http://www.cafepress.com/rightwingmike --- On Tue, 11/4/08, MB Software Solutions General Account [EMAIL PROTECTED] wrote: From: MB Software Solutions General Account [EMAIL PROTECTED] Subject: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS) To: ProFox Email List profox@leafe.com Date: Tuesday, November 4, 2008, 2:29 PM Nicholas Geti wrote: That is true. It is $10,000. http://www.irs.gov/businesses/small/article/0,,id=148821,00.html Some folks say we should get rid of the IRS entirely and just have a national sales tax. What are your thoughts on that? ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious. ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
RE: Amount of money deposited into banks and IRS
Be afraid, be verr afraid. Have you thought of possibly purchasing a few gold coins or smaller gold bars, then simply placing them in a safe deposit box? If you go to different coin dealers with a few grand here and there, and select your coins/artifacts carefully so you do not lose value in the exchange were you to have to liquidate the artifacts shortly later. Or, just place the cash into a dafe deposit box, in the privacy of the little room where you are supposed to be able to put thiings into, and take things out of, the box. If you are not concerned with interest being paid on the cash that may be your best bet. Gil -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of MB Software Solutions General Account Sent: Tuesday, November 04, 2008 12:12 PM To: [EMAIL PROTECTED] Subject: Re: Amount of money deposited into banks and IRS [EMAIL PROTECTED] wrote: I believe that if you withdraw more than 5K the bank reports you to the IRS. Dont quote me in that though. I'm looking at it from the DEPOSIT pov, not withdrawing. [excessive quoting removed by server] ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Amount of money deposited into banks and IRS
Isn't there a certain amount (like $10,000 or something) where when banks get that amount, they report it to the IRS? I'm trying to find out what that number is. Was having a discussion with others and wanted to know. tia, --Michael ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
Re: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS)
Excellent idea, as it would encourage investment and be based solely on consumption... which we know the rich do at much higher levels than the poor. However congress would have to be willing to give up the power to manipulate us through the tax code. Larry Miller - Original Message - From: MB Software Solutions General Account To: ProFox Email List Sent: Tue, 4 Nov 2008 19:29:00 + (UTC) Subject: [OT] IRS -- keep it or do away with it? (was Re: Amount of money deposited into banks and IRS) Nicholas Geti wrote: That is true. It is $10,000. http://www.irs.gov/businesses/small/article/0,,id=148821,00.html Some folks say we should get rid of the IRS entirely and just have a national sales tax. What are your thoughts on that? --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- ___ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
