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Thread: Suspicious Activity Reports to the IRS when buying or depositing money orders.
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Old Feb 4, 2014 | 9:06 am
  #646  
AnalystGuy
 
Join Date: Aug 2013
Posts: 97
Originally Posted by member7777
SARS will be reported on excess MO deposits-guaranteed. And the bank is required by law to report you-and not tell you about it under any circumstances.
edit
So if you are declaring the profits (if any) as income and do not have anything to hide during your IRS audit everything will be ok lol.
Not guaranteed.

A bank is required to file a SAR if they have reason to believe your activity is suspicious. Give them a valid reason and they won't.
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