So, an IRS Special Agent just stopped by...
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... |
At least he knocked!
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Originally Posted by ChurnandBurn
(Post 23199520)
No, not a Revenue Officer, a Special Agent… you know, the ones with the guns an handcuffs ?
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Originally Posted by ChurnandBurn
(Post 23199520)
The IRS agent did even mention to me that the T&C of the debit card do not allow for MO
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Did you take a picture of him?
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Were you depositing over 10k at a time?
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Originally Posted by VizeL
(Post 23199578)
Were you depositing over 10k at a time?
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Originally Posted by f0xx
(Post 23199564)
Did you take a picture of him?
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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
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AFAIK, Special Agents always visit in pairs. What title was on the business card?
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Was there ever a definitive answer on whether a money order was considered cash, or check as I've seen both argued?
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I would have used my right to remain silent.
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Originally Posted by Lobachevsky
(Post 23199711)
AFAIK, Special Agents always visit in pairs. What title was on the business card?
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ChurnandBurn I hope you gave ZERO personal info to this dude, I think u were 100% phished!
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Originally Posted by Squeezer
(Post 23199780)
I would have used my right to remain silent.
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