Democrats raise proposed IRS bank reporting threshold to $10,000 from $600
- Thread starter NavigatorII
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Of course. Dr Doolittle. Is he still around? And Goodell is still a British cigarette. 😂
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The bill hires 85k Irs Stasi goose stepping right into your bank account. The RATS must go after the middle class to reach the tax revenue for their massive spending.
No. There's been a standing rule a form gets filed for any CASH transaction of 10,000 or more. The Dimtards wanted to monitor ANY bank account that had $600 or more's activity. WTF? A parent's toddler college fund has more activity than $600. 😂 Hell was raised, the commies backed off a bit. It's STILL retarded. How many bank accounts have less than 10,000 worth of activity per year? WTF? It's about total control. But it's also stupid AF. It's like the NSA monitoring every word uttered on the internet. It's useless, meaningless, just more happy horseshit .Gov interference.
Nav, this is what they want to lower to $600, unless I totally missed the point.
Form 8300 and Reporting Cash Payments of Over $10,000.
Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300. The Form 8300, Report of Cash Payments Over $10,000 in a Trade or Business, provides valuable information to the Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) in their efforts to combat money laundering.
Form 8300 and Reporting Cash Payments of Over $10,000.
Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300. The Form 8300, Report of Cash Payments Over $10,000 in a Trade or Business, provides valuable information to the Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) in their efforts to combat money laundering.
That's what I just said. Hiden's IRS directive has nothing to do with cash transactions laws in place. They've been there for eons. This is about monitoring your bank accounts. Cash, wire transfers, checks, money orders...... TOTAL ACTIVITY, has nothing to do with cash deposits.
Biden admin backs down on tracking bank accounts with over $600 annual transactions
The Biden administration has backed down on a proposal to collect banking information on accounts with transactions over $600 per year.
Now can you give me the Federal Registry # for the LAW that says that as any citizen of the Republic of Florida, owes a tax on their wages, (wages are not defined as income).
And don't quote me any IRS Code, because Codes require an actual Law to implement them.
Definition of INCOME under Income Tax [Section 2(24)]
Definition of INCOME under Income Tax [Section 2 (24)] Income includes :
Profits and gains. Dividend. (like income from stocks & bonds)
Voluntary Contributions received by a trust.
Voluntary contributions received by a trust are included in the definition of income.
An Individual's Wages are NOT income....
And don't quote me any IRS Code, because Codes require an actual Law to implement them.
Definition of INCOME under Income Tax [Section 2(24)]
Definition of INCOME under Income Tax [Section 2 (24)] Income includes :
Profits and gains. Dividend. (like income from stocks & bonds)
Voluntary Contributions received by a trust.
Voluntary contributions received by a trust are included in the definition of income.
An Individual's Wages are NOT income....
What? 😂 Where the hell you going with this? Biden wants the .Gov up our asses 24/7. It's just that simple. His proposal is just stupid shit. I only posted this because Biden is a moron. Imagine all of the red tape, expense, and waste of human and technological waste reporting jillions of data to the IRS, which frankly, if you are not a street bum without a bank account, all of this goes to a data bank at the IRS. Paralysis by over analysis. It's all retarded AF. You completely missed the point.........which is Biden just wants more money to expand .Gov IRS payrolls. The entire endeavor is just more vegetable nonsense.
Hey........that's the same call center when someone actually sells someone an extended car warranty over the phone. 😂When you look for that Federal Registry #, then you'll get my point.
Other than that....
Of course. Dr Doolittle. Is he still around? And Goodell is still a British cigarette. 😂
