cancel
Showing results for 
Search instead for 
Did you mean: 

TAX & IRS 2016 QUESTIONS! Please HELP

tag
wa3more
Established Contributor

Re: TAX & IRS 2016 QUESTIONS! Please HELP

Also , don't worry about deposits for reimbursable expenses hitting your bank account.

Message 11 of 12
jamesdwi
Valued Contributor

Re: TAX & IRS 2016 QUESTIONS! Please HELP

1.  IRS doesn't base your income based on bank deposits, or paychecks, they base it on the amount reported on  w2, 1099's, etc. 

 

2. Large cash deposits, either cash, money orders, are tracked by your bank, and if near or over $10,000 in depsosits in a short period of time, they are required to fill out a SAR or suspicious activity report,  the first one usually goes without notice, it happens frequently they will look deeper. Probably better to have your mom give you a check or better yet, get a company credit card and make you an authorized user.  

 

 

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k
Message 12 of 12
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.