 What do uk mean when they say 'annual salary'? |
| lets say one's annual salary is 30,000 pounds? does the employer pay all in advanced at the beginning of the year?? or what??... |
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 Do I have to pay taxes? |
| I am 16. A friend and me mow yards during the summer, and make somwhere around $500 each. Do I need to pay taxes even though I'm only 16?... |
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 Taxing the rich and poor? |
| Hi guys,right im writing this arguement 'why its right to tax the rich a higher percentage when they earn other a certain amount then the percentage you get taxed under a certain amount. I think ... |
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 Only answer if u TRULY kno? |
i got my tax return direct deposited will my rebate check be direct deposited too?
thanx in ... |
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 Live in one state, but work for a company in another. Who's state tax do I file under? |
I work for a university in Michigan. I'll be moving to Hawaii in a few weeks. It's a permanent job. My question has two parts:
1. Will I have to file 2 state tax returns for the ... |
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 Are we going to lose out on our tax return just because we got married? |
| Last yr my tax return was around $4500 and my fiance's was about $3700 thanks to EIC. Now I'm finding that because we got married we cannot file separately if we want EIC. We have to ... |
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| My son is 18, living at home.. been working for the last 5 months can claim taxes this year, can i claim him? |
| My son is 18, living at home with me. He has been working for the last 5 months and can claim taxes this year. can I still claim him this year also?... |
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| IRS agents: Is there any law in fine print that tells me I have to pay my federal income tax? |
| As far I as I am understanding, there really isn't a law. Should I stop paying my federal income tax?... |
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 Pelosi says more stimulus needed, Bush "in denial"????? |
do u guys agreed that we do need MORE stimulus payment??
http://news.yahoo.com/s/
for me to be honest.........what i think they should ... |
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 I married on 11/20/06. I legally changed my name.1 of my w2 statements has maiden name. Do I need new w2? |
| I held four jobs in 2006. I was married on November 20, 2006. I changed my name with social security in mid December. I received a new social security card with my married name. I contacted all of my ... |
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 If I owed money, will my stimulus package come in a paper check? |
| I owed money this year but received that note saying how much money I will be getting for the stimulus package. My mom told me (who did my taxes) that she had my direct deposit info listed but it'... |
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 What''s the worst that could happen, if I lost my social security card? |
| Pretty much, what is stated above. ... To me, it almost sounds like it would be beneficial to hand out my social security card to illegals. I know how bad this sounds, but with what I am told.. it ... |
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steve p | Is there a deposit amount that automatically alerts the IRS? |
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J.C.
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stop doing that
they going to find you. |
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Matt K
 |
Banks report all your transactional information and balances to the IRS, even when cash is not involved. If you tell the IRS that you earned $40,000 this year, but your bank accounts show deposits exceeding this number during the year, you may be audited.
If you deposit, withdrawal, or exchange More than $10,000 in currency (ie. cash and coin) in one business day, the bank will also file a currency transaction report too. Again, it has to involve cash in excess, not equal to, $10,000 for the banks to file the CTR.
Also, most banks use automated systems with thresholds set well below $10,000 to detect structuring - a form of money laundering where you purposely attempt to avoid a CTR being filed on you by depositing or withdrawing cash amounts under $10,000 over the course of several business days.
Thus, don't try to fake out the banks or the IRS. The only reason why some people get away with it is sheer luck - the cops can't catch all the speeders on the highway, but it could be you. |
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STEVEN F
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Large transactions are reported the help detect money laundering and other financial crimes. They are NOT presumed to be income. The amount that triggers such a report is currently $10,000/day. Any transactions that appear to be structured to avoid this limit are considered 'suspicious transactions' and are reported as such. Computers make spotting such transactions much easier. The bank where I work collects information on all transactions over $3000 to determine if they add up to $10,000 or more per day. If you have multiple flags in a short time, I expect the computer would call them to the attention of fraud prevention for a possible suspicious activity report. |
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emoneymoneyemoney
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$10,000 |
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sedrick a
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Somenone told me if you deposit over $6,000 in a 24hr period they make a record of it. |
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jbird35645
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$10,000.00 |
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steve d
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$10,000 |
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acmeraven
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10K |
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god knows and sees else Yahoo
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$10,000 |
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Willie Birdie
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A cash deposit of $10,000 requires IRS notification by the company (not you). if you were buying a car and put down 10K, the car dealership would have to notify the IRS. Normally home loans require at least 10K down, I'm not sure if the IRS is notified of these deposits...that would be a lot of calls to the IRS... |
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