Creative Finances

Note to Amber's kin at ASPD, as giddy as WTF sounds right now, he'd probably cut a check to fund the entire new website...... Originally Posted by atlcomedy

Cutt'n checks are one thing, cashing them is another!

Think about it...how did they get Al Capone? Was it for murder? racketeering? loan sharking? etc... Nope, he spent forever in a Federal prison for tax evasion. The way to avoid the same for someone on this board is to set-up a LLC, post all income through the LLC, pay yourself a weekly, bi-weekly, or monthly pay check for consulting services. Also pay the LLC taxes and your personal taxes.

Now you have a legitimate source of income that you can produce via LLC paycheck stubs to get loans (car, house, etc.), claim a legitimate tax return (so you avoid the Al Capone issue), and also head off some LE issues... When you claim your time is for this or that and the LLC supports it your risk goes down. Your credit history improves and you are a solid tax paying citizen.

Think about it from the same point of view that many use to promote legal, taxable use of marijuana, etc... If you say you are doing one thing, be upfront and honest about the income from it. Who's to argue if an extra 40 per visit doesn't get posted as long as it doesn't lead to a lifestyle beyond what's report (as was discussed here?). LLC's are so cheap to set-up and the deductions OY Vay....

Does the bank alert you when/if they fill out these forms? I made a huge transfer (over 20k) to London in October. How do you find out if they do not tell you? Originally Posted by Nicole Preston

the bank did file a CTR (currency transaction report) on your transaction because it is a requirement for them to do so (actually 10k within a 24 hr period)...the bank is not required to tell you that they did file this report...but if you asked...they will tell you that they are going to...or that they did...also...for those who might want to attempt to make transactions under that minimum...ex. 5k today and then 5k tomorrow...that will alert the financial institution to file a SAR (suspicious activity report) also because it can appear(s) that you are "structuring" your transactions to avoid the reporting requirement...be it known that financial institutions also file reports known as MIL (monetary instrument log) and MTL (monetary transaction log) that deal with reporting currency transactions to the government...for anyone interested in doing their own research...i suggest that one reads the fincen.gov website and read about the bank secrecy act...

my 10 cents...my 2 cents is free...

allstar

ps...i have been familiar with these types of reports for quite a few years now...i must know the rules and regulations in regards to these...

Anything over 10k does require the bank to fill out a form notifying the IRS. Same holds true if you win 10k or more at a casino. Also, large regular deposits will trigger a notification, too. The bank software is quite sophisticated and most of it automated with little or no human intervention.

Note: The Patriot Act added amounts 5k and up to be reported to the DHS. They only care if you are part of a terrorist cell or funding one.

Claiming it as gifts will require you to name names if you are audited. File taxes and claim enough to cover your lifestyle. Fuck them only enough to get the job done ( kinda like you do us! ).


Your best bet is to give the money to a dead beat loser boyfriend like me!

Is there a smilie for beating a dead horse?

Anything over 10k does require the bank to fill out a form notifying the IRS. Same holds true if you win 10k or more at a casino. Also, large regular deposits will trigger a notification, too. The bank software is quite sophisticated and most of it automated with little or no human intervention.

Note: The Patriot Act added amounts 5k and up to be reported to the DHS. They only care if you are part of a terrorist cell or funding one.

Claiming it as gifts will require you to name names if you are audited. File taxes and claim enough to cover your lifestyle. Fuck them only enough to get the job done ( kinda like you do us! ).


Your best bet is to give the money to a dead beat loser boyfriend like me! Originally Posted by cpi3000

cpi, I really like yer avatar

So basically what I said a couple of days ago much more succinctly in the 5th post of this thread:



And as I think, as was the case this afternoon with you & new guy, it wasn't that he was wrong & you were right, but kind of talking across each other....he even if he acted like an authority after a day or two of registering here

Cheers Originally Posted by atlcomedy

hah, ya.. Sorry about that, it was a late morning after a long day/week. We were just talking over each other and I'm used to a lot of forums where half the people act like kids so I found that role yesterday. It doesn't appear to be that way quite as much here.

Is there a smilie for beating a dead horse? Originally Posted by atlcomedy

Yes. I just gotta figure out how to post it. Hmmm, we can do attachments here! Woo hoo. I couldn't do that at aspd.

We have to add that one to the list

Yes, that is great....I have saved and will use that in other communications as appropriate...thanks

More for your smoking pleasure:

I just don't know how to cut & paste them into a post.

What Happened?

The notariety of one's bank deposit levels has very little to do with the original question.... I think there's room for much valuable discussion of the original topic!!

Giz

P.S. - Whip Me.... Beat Me.... Call me the thread police

It is times like this where it is so hard for me to keep my mouth shut. Originally Posted by Ansley

What is the saying......"Great minds think the same:

I think someone even admitted WTF was correct today Originally Posted by atlcomedy

But were are the "Links" to verify such?