So, an IRS Special Agent just stopped by...
Jul 15, 2014, 12:36 pm
#31
Suspended
Join Date: Aug 2010
Location: DCA
Programs: UA US CO AA DL FL
Posts: 50,262
If he was a real S/A and you spoke with him without an attorney present, you are a fool. If he was a fake S/A and you spoke with him, you are a fool.
Rules 1-1,000 of criminal investigations: Do not speak without your attorney present, do not speak without your attorney present, do not speak without your attorneys present.....
Rules 1-1,000 of criminal investigations: Do not speak without your attorney present, do not speak without your attorney present, do not speak without your attorneys present.....
Jul 15, 2014, 12:54 pm
#32
Original Member
Join Date: May 1998
Posts: 1,139
None of this is terribly surprising. If SARS are filed and CID observes that someone is reporting $50,000 of income but depositing $300,000 it is not surprising that an explanation is requested. Hopefully they seem happy that they can cross some targets off of their long list. I understand the argument to remain silent but that is certainly not going to get the target crossed off of the list. Although the guy who remains silent may never head from them again and the guy who speaks might say the wrong thing. The CID and special agent folks are not responsible for direct tax collection, so do not take their lack of interest in whether the miles or cash/back are taxable as meaning anything at all. I am glad the original poster shared the story. I do not think it was phishing.
Jul 15, 2014, 1:22 pm
#34
Original Member
Join Date: May 1998
Posts: 1,139
I hope the original poster realizes that if he does that and it includes the phone number that he is going to have a more difficult time getting crossed off of the list if the Special Agent starts getting calls about how much is "safe" to deposit.
Jul 15, 2014, 1:36 pm
#36
Join Date: Nov 2011
Location: MCI
Posts: 88
Jul 15, 2014, 1:48 pm
#37
Original Poster
Join Date: Oct 2013
Programs: Hilton Diamond
Posts: 38
It's not BS. Here are more details:
I was not home when they stopped by, they just left a business card in my door. I did call my CPA before I called and he instructed me to not give out any personal information but I should call to first find out what they wanted to discuss and I could follow up with any questions. They didn't ask for any personal information and once I found out all they wanted to know about was the money orders I was glad to explain why I was buying money orders.
They did asked where I learned of this strategy. Intenet And if I am using the miles Yes.
No, it's not a Vanilla debit product. If you don't know what debit card I'm talking about please use Google for 5 seconds.
Here's a pic of the business card:
I was not home when they stopped by, they just left a business card in my door. I did call my CPA before I called and he instructed me to not give out any personal information but I should call to first find out what they wanted to discuss and I could follow up with any questions. They didn't ask for any personal information and once I found out all they wanted to know about was the money orders I was glad to explain why I was buying money orders.
They did asked where I learned of this strategy. Intenet And if I am using the miles Yes.
No, it's not a Vanilla debit product. If you don't know what debit card I'm talking about please use Google for 5 seconds.
Here's a pic of the business card:
Jul 15, 2014, 1:54 pm
#38
Original Poster
Join Date: Oct 2013
Programs: Hilton Diamond
Posts: 38
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.
Jul 15, 2014, 1:56 pm
#39
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Join Date: Oct 2013
Programs: Hilton Diamond
Posts: 38
Jul 15, 2014, 1:58 pm
#40
Original Poster
Join Date: Oct 2013
Programs: Hilton Diamond
Posts: 38
Agreed. Once it was clear what the issue was, it only took maybe all of 5 minutes on the phone. Really underwhemling actually.
Jul 15, 2014, 2:02 pm
#41
Join Date: Aug 2005
Location: RNO
Programs: AS MVP, WN A-List+ UA Silver, HH <>, National EE, WoH Globalist
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Jul 15, 2014, 2:44 pm
#43
Join Date: Dec 2004
Posts: 7,904
I think IRS is also triggered by multiple payments in aggregate over $10,000, and not just single transactions in excess of $10,000. E.g., see: http://www.irs.gov/Businesses/Small-...0000-Form-8300
"Any persons who receive more than $10,000 in one transaction or a series of related transactions, while conducting their trade or business, must file a Form 8300."
I'm sure I'm oversimplifying, but it seems like someone here depositing WM money orders here is not receiving money from someone, nor is it due to conducting their trade or business.
Jul 15, 2014, 2:49 pm
#44
Join Date: Oct 2013
Posts: 920
I've underlined something from that link:
"Any persons who receive more than $10,000 in one transaction or a series of related transactions, while conducting their trade or business, must file a Form 8300."
I'm sure I'm oversimplifying, but it seems like someone here depositing WM money orders here is not receiving money from someone, nor is it due to conducting their trade or business.
"Any persons who receive more than $10,000 in one transaction or a series of related transactions, while conducting their trade or business, must file a Form 8300."
I'm sure I'm oversimplifying, but it seems like someone here depositing WM money orders here is not receiving money from someone, nor is it due to conducting their trade or business.
-buy $10k in MO
-You've received more than $10k
Correct me if I'm wrong.
Jul 15, 2014, 3:13 pm
#45
Join Date: Oct 2013
Posts: 1,322