So, an IRS Special Agent just stopped by...
Jul 15, 2014, 11:33 am
#17
Join Date: Feb 2003
Location: Khyber Pakhtunkhwa
Posts: 1,929
Jul 15, 2014, 12:01 pm
#20
Join Date: Jun 2014
Posts: 106
MO isn't cash just like a Cashier's Check isn't cash. A CTR doesn't get filed for depositing either one so not sure how someone can argue a MO is considered cash.
Jul 15, 2014, 12:15 pm
#21
Join Date: May 2005
Posts: 1,337
No, not a Revenue Officer, a Special Agent… you know, the ones with the guns an handcuffs? He stopped by my house, unannounced, to ask me some questions about some banking transactions which have come to their attention. For the past few years I have been using our favorite miles-earning debit card to purchase money orders at our favorite retailer. Apparently depositing “several hundred thousand dollars” over the past year does seem to catch someone’s attention.
Once I explained the basics of what I was doing and why, the matter appeared to be resolved in a few minutes – it was clear I was not laundering money, which is their concern of course. In fact, the Special Agent’s response was that they are seeing this (debit cards with money orders) “more and more these days”. The IRS agent did even mention to me that the T&C of the debit card do not allow for MO – the T&C didn’t use to, but apparently it does now.
YMMV...
Once I explained the basics of what I was doing and why, the matter appeared to be resolved in a few minutes – it was clear I was not laundering money, which is their concern of course. In fact, the Special Agent’s response was that they are seeing this (debit cards with money orders) “more and more these days”. The IRS agent did even mention to me that the T&C of the debit card do not allow for MO – the T&C didn’t use to, but apparently it does now.
YMMV...
And you really blew your story with the SA talking about T&C of credit cards and the SA saying they see more debit with MOs. You really expect us to believe the SA knows the exact T&C of the debit cards you were using and that they weren't allowed? I honestly believe you made this post up to freak people out here. I guess you enjoy that sort of thing.
The individual is still formally known as a "Special Agent." The CID is just the division the agent works.
Jul 15, 2014, 12:21 pm
#22
Join Date: Feb 2003
Location: Khyber Pakhtunkhwa
Posts: 1,929
Past posts on FT indicate that Special Agents working within the IRS CID are well aware of this particular Debit card. And that on one occasion, they smiled and laughed when the person being interrogated showed them the actual card.
Jul 15, 2014, 12:21 pm
#23
Join Date: Feb 2014
Posts: 253
Edit: I see someone above beat me to the question. Im having a hard time digesting this as well.
Where is a pic of the business card.
Jul 15, 2014, 12:33 pm
#27
Suspended
Join Date: May 2010
Posts: 2,998
Jul 15, 2014, 12:34 pm
#29
Join Date: May 2014
Location: New York
Posts: 391
Jul 15, 2014, 12:36 pm
#30
Join Date: May 2005
Posts: 1,337
Where is that thread because I'm not seeing it anywhere in Search? I'm seeing IRS Audits but nothing regarding CID. It's very doubtful the government is just going to "accept your word" if there is suspicion you have laundered hundreds of thousands of dollars.