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Old 10-29-2020, 10:29 PM   #2
T-post Tom T-post Tom is offline
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Originally Posted by TwistedChief View Post
You could've spent 5 seconds googling this yourself:

https://www.thebalance.com/do-you-ha...-money-4773839
“Both the IRS and the organizer receive a copy of the form if more than $20,000 is involved and more than 200 transactions were made during the calendar year.”
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Old 10-29-2020, 10:55 PM   #3
TwistedChief TwistedChief is offline
Why so serious?
 
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Originally Posted by T-post Tom View Post
“Both the IRS and the organizer receive a copy of the form if more than $20,000 is involved and more than 200 transactions were made during the calendar year.”
That doesn't mean one is responsible for taxes. That's trying to play big brother for those attempting to use loopholes.
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Old 10-30-2020, 09:12 PM   #4
T-post Tom T-post Tom is offline
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Originally Posted by TwistedChief View Post
That doesn't mean one is responsible for taxes. That's trying to play big brother for those attempting to use loopholes.
Right. Was just noticing the gov’t min & how it aligns with the ask in this case. Kind of like depositing $9900 in the bank, rather than $10,000. The first doesn’t get reported. Interesting, that’s all.
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