Off-Topic: Can't Get Around It HODJA
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Name:   GoneFishin The author of this post is registered as a member - Email Member
Subject:   Can't Get Around It HODJA
Date:   10/15/2021 4:24:28 PM

The Biden Administration has proposed monitoring accounts over $600, but the only figures reported to the government would be the total inflows and outflows for the year – not the size and nature of each transaction. And the Treasury can't simply "declare" this measure, it must be approved by Congress.

It has nothing to do with each transaction. Once you make 2 $500 deposits, you have exceeded the treshold of $600  and the total amount of your deposits and withdrawls will be reported.

 

Other messages in this thread:View Entire Thread
IRS and the Power to monitor your bank - Talullahhound - 10/13/2021 6:42:10 PM
     IRS and the Power to monitor your bank - lakngulf - 10/13/2021 7:48:09 PM
     IRS and the Power to monitor your bank - MartiniMan - 10/14/2021 8:13:49 AM
          IRS and the Power to monitor your bank - lakngulf - 10/14/2021 10:05:07 AM
               IRS and the Power to monitor your bank - au67 - 10/14/2021 4:58:09 PM
                    IRS and the Power to monitor your bank - Talullahhound - 10/14/2021 6:35:26 PM
                         IRS and the Power to monitor your bank - MrHodja - 10/14/2021 11:26:21 PM
                              Doesn't it Matter? - Old Diver - 10/15/2021 12:22:33 PM
                                   Doesn't it Matter? - MrHodja - 10/15/2021 3:41:29 PM
                                        Can't Get Around It HODJA - GoneFishin - 10/15/2021 4:24:28 PM
                                             Get Around What? - MrHodja - 10/15/2021 5:36:44 PM
                                                  Get Around What? - Talullahhound - 10/15/2021 9:30:48 PM
                                             Kidding right?!?!? - MartiniMan - 10/16/2021 8:38:51 AM
                              IRS and the Power to monitor your bank - realfast64 - 10/15/2021 10:27:01 PM
                                   IRS and the Power to monitor your bank - Lighthouse - 10/16/2021 8:39:01 AM



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