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What Transactions Do Banks Report to IRS?

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I'll call her back
Comment from : @kingtuck1977

No you sir
Comment from : @kingtuck1977

Oh my self
Comment from : @kingtuck1977

No comment
Comment from : @kingtuck1977

Bank are the ones who are guilty of money laundering I think they invented it
Comment from : @jacquelinemanzano9328

So, can I deposit millions into a bank account in Ukraine? 😉
Comment from : @SonnyGTA

2024 Hope Trump admin abolished the IRS!
Comment from : @republicunited2183

All of them ,they worry about so called money laundering when there the biggest purportraitors smh banks are independent and belong to no country how can that be😡
Comment from : @WhatsThat-x1f

$10,00000 when the law was enacted, adjusted for inflation in 2024 is now $80,00000 Why hasn't the IRS adjusted this amount?
Comment from : @elmerkilred159

Irs watching my 40 cents like a hawk
Comment from : @belialofeden

This video is way too vague, and a huge reason why I DONT LIKE FINANCIAL ADVISORS! brbr… Financial Advisors work for themselves and not you, they take advantage of your ignorance brbrIn the real world, if you handed over wallet to a stranger, exactly what do you think they are going to do with YOUR money? They will line their pockets, not yours!brbrBottom line, you must become financially literate FOR YOURSELF know how money works, what the laws are, and how to protect yourself and your money from everyone! This WASNT POSSIBLE year’s ago because the secrets were a closed world available only to the rich and politically connected but we live in the Information Age today, and honestly, there is no excuse to be ignorant of the law and of how money really works! brbrThe banks are organized crime, the IRS are a private company and a not federal government agency, they are gangsters, who bully, threaten, and intimidate, gangsters who have no problem violating your constitutional rights if you are ignorant of the law and your rights, so learn the basic requirements and legalities of the IRS and you will find that compliance is not as hard as you think, however, the IRS has become as become it’s own terrorist organization in the United States not much different than the Mafia brbrTen basic things to know about the IRS and the law… brbr1 large CASH transactions absolute No No… money should have a paper trail brbr2 DO NOT mix business and personal finances brbr3 DO NOT handle business or large sums of cash in your personal name brbr4 Business accounts should be set up CORRECTLY for easy, legal, and compliant accounting brbr5 To avoid trouble for your business, any cash the biz handles should not be deposited in amounts more than 9k a day! brbr6 The less cash transactions the better brbr7 With your business try to graduate to using only merchant services, biz cards, checks, credit cards, and corporate cards for any size transaction large or small incoming or outgoing, because this makes for easy accounting, make sure all points of sale by cash are deposited into a bank with it’s source in your bookkeeping brbr8 The IRS is a tax collection organization… so when you make the money, do your proper LEGAL write-offs AND PAX YOUR TAXES! A great account should be able to get you every tax credit according to the law and if all transactions have a clear paper trail and you reinvest any company surplus into your own company just before the end of the fiscal year, you can successfully balance your books and keep your money in your business instead of being constantly threatened, gauged, and bullied by the IRS! brbr9 Stay up to date on ways to protect your money, it’s YOUR RESPONSIBILITY your protect your money, not your financial advisor! brbr10 Diversify your money as much as possible NEVER put all of your major investments in one place! Use several banks, buy stocks, bonds, annuities, set up investment accounts, crypto, trusts, property, etc… because at any time, any one institution may act a fool with YOUR MONEY so make sure you still have access to money in case of problems with bank etc! brbrFinally, digital money is the new frontier… so no matter how much money you have in institutions keep some money on private keys that no one has access to but YOU! Cryptocurrency is a game changer because it is WORLD CURRENCY and digital money can be stored on private keys! brbrCrypto is still in developing stages, but make no mistake about it … digital currency is the ONLY WAY we will be handling money in the near future… we are heading for a cashless society and the future is already here!!!
Comment from : @jatall2797

Me watching this video and I'm broke as hell
Comment from : @P_double_H

Extortion
Comment from : @randyvaughn4046

It ain’t money laundering if it’s yours It’s actually none of any body’s business
Comment from : @merekchertkow2665

Criminal Cash enters chat
Comment from : @jamilabdur-rashid3801

Don’t forget that frequent small cash transactions can be considered structuring which is also a crime Many small businesses have been destroyed by the IRS using this law unfairly Also be aware that banks are reporting transactions that have a conservative characteristic to them They track key words like Trump, MAGA or bible and report you for that as well Welcome to the police state
Comment from : @CharlesCurran-m9p

you did not answer the f… question!
Comment from : @oriolcuba

Please stop the cap Moving large sums of cash flow in excess of 10k is not identified as money laundering The act of placing, layering, or integrating money into the US financial system (such as depositing into a bank account) that was earned from an illicit/illegal activity is what is known as money laundering Furthermore, the reports you’re alluding to are sent to the Department of Treasury’s Financial Crimes Enforcement Network which is not same the as the IRS
Comment from : @Martyparty-n9v

These 3 letter agencies all need to go or be drastically reworked! Dreadful & unethocal behavior!! Who do you trust? Not the FEDS!
Comment from : @knockywigglesworth1909

Worthless information
Comment from : @paulstrouth1306

Suspicious activity report ISSUED for the Biden family activity?
Comment from : @tedlahm5740

What if I pay my debts with cash, like credit card or mortgage?
Comment from : @sjawad7299

I’d rather having an Italian giving me money advice than having a Jew
Comment from : @richricogranada9647

If I cash a check from someone at their bank does irs know?
Comment from : @karenpayne3946

you should clarify that this is only for CASH DEPOSITS if someone has continuous transfers from PayPal or checks coming in that wouldn't be reported the only stuff getting reported is CASH
Comment from : @tyreesneed