3 ms·
The IRS really doesn't care where the money came from if it is reported. The money that he received was reported on his tax returns, so the IRS would not look f
by andrewla 7y ago
The IRS really doesn't care where the money came from if it is reported. The money that he received was reported on his tax returns, so the IRS would not look further at this, as long as the numbers matched up.
In this case it appears that the IRS was brought in to it to correlate the individual's finances with the expected windfall, rather than instigating the investigation. That is, the investigators (in MS and law enforcement) knew who did it, and they were gathering further evidence.
- avgDev 7y agoYou are correct the IRS doesn't but the US government does. This would fall under suspicious activity. "Under the Bank Secrecy Act (BSA), financial institutions are required to assist U.S. government agencies in detecting and preventing money laundering, such as: Keep records of cash purchases of negotiable instruments, File reports of cash transactions exceeding $10,000 (daily aggregate amount), and Report suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion)"