Re: [wtp-loit] Do not use Non-Interest Bearing Bank Accounts to hide money from IRS
- First, the premise of "hiding" money is that there is an open, unsettled allegation that something is owed. That can be handled.Second, you mention trusts but do not clarify the case of the last person you mention. Did that person open an account in their own Name (or ALL-CAPS NAME)? How is that "hiding?"My first question would be- how did the person FUND that account. If they fund it in a way directly traceable to another account in their name or anything with their SSN, then leaving such a paper trail and/or using a name that the IRS considers their debtor (or possible debtor!) is not very private.Again, the first issue is honoring any claim made by the IRS (or anyone else, but the IRS is perhaps most notorious) and negotiating a settlement. Anyway,even after funds have been seized, there are ways to recover them. It is just easier to keep the money than to recover it.RED PILL
fastmuscleman <m.schrader1@...> wrote:
Do not use Non-Interest Bearing Bank Accounts to hide money from IRS
Do you think you can trick the IRS into believing that you have no
money in the bank?
As a test I put in between $100 & $200 in my non-interest bearing
savings & checking account at keybank to see if the IRS uses the
information reports sent by banks to see if you have any reportable
income in the way of interest.
This idea does not work as I have tried it as a test & the IRS took
all the money with no warning.
DO NOT TRUST YOUR BANK as they believe the IRS Notice of levies are
legal for garnishing your money without a court order.
Do not believe anybody if they tell you this.
Either they have S--t for brains or they are just plain naive.
AND DO NOT USE ANY KIND OF TRUST IN THE USA, because it is not if the
IRS will collect, its when the IRS will collect.
I talked to a guy who had his money hidden in another bank out of
state with no SSN attached to it with no personal address.
Guess what the IRS did?
Yep, they took the money.
I guess they figured out that, if this was not the person, that they
would possibly return the money.
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