₪₪₪ Does the IRS get involved when you make a large deposit into bank account?
I’m thinking about investing in the new Iraq dinars which is a very LOW investment right now with the possibility of HUGE return. I’m already researching pros and cons, so not looking for opinions on this investment.
My questions are…
*IF* that day ever comes when I do have an obscene amount of money to deposit into my account, does the IRS automatically step in to take a piece? If so, how much?
Is there a certain deposit amount at which this occurs (i.e. any deposit over $10K raises a tax flag)?
Also, would something like this be considered “income,” to be declared on my tax forms?
Thank you for any info you can offer.
Category: IRS Problems
