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Thread: Watch out for the IRS ! - New Methods and Regs may be coming.

  1. #26
    Featured Member ava$'s Avatar
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    Default Re: Watch out for the IRS ! - New Methods and Regs may be coming.

    I heard an interview with Elizabeth I think her name is the congresswoman and she said it was bank accounts that have a cash flow of $600 plus per year…. That’s crazy! Lol people can gift u more than that and what r they gonna tell u it’s income?? Or people may owe u money now it’s “income”??

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  3. #27
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    Default Re: Watch out for the IRS ! - New Methods and Regs may be coming.

    There is push back to the proposal (Part of the now $1.9B “Build Back Better Act”. The State of NH has financial institutions and the Governor protesting:

    https://www.wmur.com/article/nh-financial-institution-warns-customers-on-proposed-bank-account-rule/37889995#

    https://www.governor.nh.gov/news-and...ng-proposed-us

    ...
    The business groups said financial institutions already are required to report the exchange of currency over $10,000 in a single day to the Financial Crimes Enforcement Network to prevent money laundering and financial crimes.
    "There is nothing inherently suspicious about having more than $10,000 move through your financial account over the course of an entire year," the letter said.
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  5. #28
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    Default Re: Watch out for the IRS ! - New Methods and Regs may be coming.

    I don't know anyone who doesn't have $10k transation a year.
    I like being alone, I just don't like being lonely.




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