Uncle Sam wants you

[JDS]

Feds ain't doing shit scare tactics this system works on compliance you think the irs goes after small fish they aren't competent enough and don't have the manpower to do so.

Is this something Biden proposed ?

 

[venditto]

Is this something Biden proposed ?

I'm not being literal and don't know why pay attention to bs if you're not making big transfers nothing is gonna happen

 

[Tanko]

Damn is this for Zelle too ? I have received well over 600 in payments for my electrician jobs this year with Zelle Fml. Government now trying to squeeze the poor man out of feeding his family.

The financial institution is required to report anything cummulative over $600, including zelle transfers. But as Bobby indicated, if these were transactions from your relative or "friends" they do not count towards reporting to IRS. It is up to you to report them or not.

Also, like Venditto said, IRS will have bigger fish to go after.

 

[venditto]

The financial institution is required to report anything cummulative over $600, including zelle transfers. But as Bobby indicated, if these were transactions from your relative or "friends" they do not count towards reporting to IRS. It is up to you to report them or not.

Also, like Venditto said, IRS will have bigger fish to go after.

They make an example out of a big fish and mass report it on the media to scare the average Joe it's quite effective.

 

[carolinakid]

they go after the reps, the dems can do what they want and uncle sam looks the other way