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by SoftTalker 202 days ago
AFAIK only transactions over $10k are reported, maybe different between personal and business accounts?
1 comments
salawat 202 days ago
Reporting to tax authorities by banks/financial institutions was bumped down to any receiving of an amount in excess of $600 during the Biden admin.
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SoftTalker 201 days ago
Ah yes, I had forgotten about that. That's for "business" transactions, IIRC. I wonder how they distinguish....
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salawat 197 days ago
They don't. It was targeted at screwing the poor rather than the rich.
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