$3k gets reported. $10k requires special report on transaction. Those are the standard notification rules.
Last year they talked about passing a law reporting all transactions on accounts with more than $600 in monthly activity. So that’s virtually everything.
If you are running money through a bank, paypal, venmo, etc. assume the government knows.
If you are running money through a bank, paypal, venmo, etc. assume the government knows.
If you are using a payment processor like CashApp, Zelle, Venmo, PayPal or ebay managed payments you'll get a 1099K if you breach $600. That's right, if you sell your own excess household goods on ebay, items you paid for with after tax net income, you get taxed again. How else can you fund free phones, housing & healthcare for future Americans of the world on our southern border right now?
This is all preload for the eventual big push for CBDC and 100% capture on how you spend your money, social credit tie-in and punishment for wrong think.
Its not the same if you are transferring it it gets flagged but there is literally a couple of guys who have to review it . Taking the cash out terrifies them for some reason.
We have this in the USA, transactions for more than $5k get flagged.
$3k gets reported. $10k requires special report on transaction. Those are the standard notification rules.
Last year they talked about passing a law reporting all transactions on accounts with more than $600 in monthly activity. So that’s virtually everything.
If you are running money through a bank, paypal, venmo, etc. assume the government knows.
If you are using a payment processor like CashApp, Zelle, Venmo, PayPal or ebay managed payments you'll get a 1099K if you breach $600. That's right, if you sell your own excess household goods on ebay, items you paid for with after tax net income, you get taxed again. How else can you fund free phones, housing & healthcare for future Americans of the world on our southern border right now?
This is all preload for the eventual big push for CBDC and 100% capture on how you spend your money, social credit tie-in and punishment for wrong think.
/silver & lead
Sales is different, as over 600 you owe taxes... taking out or sending more than 5k is not for tax purposes but for tracking...
Thought it was 10k
It was 10k they changed it a few years ago. Technically the bank usually won't stop the transaction but it goes into a federal register.
Dicks.... 4999.00 it is
It's more insidious: if the bank thinks you're trying to avoid the limits, they report you anyway.
They changed it
Any transaction outside your normal transaction size will get flagged...
think again
Its not the same if you are transferring it it gets flagged but there is literally a couple of guys who have to review it . Taking the cash out terrifies them for some reason.
Banks have become very, very scared of cash runs.
Thats per day, from what my bank told me.
They say it's a drug thing...I'm realizing now, no it's a control thing.
The same people wanting the reports are the same people allowing the drugs in. 🤯
The government is nothing but the top cartel, and they collect intel on all their competition.
Been a thing in oz for a while too. Peoples mustnt have realised