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Question About Taxes....


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So I would like to know if I withdrew 10k via bank transfer.... will it be flagged down for taxes... and if so... how much will it be... I live in Texas, USA....

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Probably not but I know I sleep better at night knowing that I declare all income...There's no reason to gamble when dealing with the IRS. If they get a sniff of you they win every time.

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Even though taxes go to wasteful spending, pay it. It makes your life easier. Is there state income tax in Texas? I thought there was only sales tax? I could be wrong on that though. Never mess with the IRS.

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If you use the form W-1032 you can postpone the taxes you pay for up to 24 months on self employed income. You can get the form at the post office, voter registration area or DMV.

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1-800-IRS-TIPSThe number we will call if you don't report the incomeThere is a $100 tip rewardI'll split it with you though because I'm cool like that.

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So I would like to know if I withdrew 10k via bank transfer.... will it be flagged down for taxes... and if so... how much will it be... I live in Texas, USA....
They won't notice it until YOU least expect it, then they will break your balls.EDIT: Enough with the brag, congrats on your withdrawal and your __ threads regarding it.
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So I would like to know if I withdrew 10k via bank transfer.... will it be flagged down for taxes... and if so... how much will it be... I live in Texas, USA....
Banks have to report when amounts greater than 9k hit your account. Do it in two withdrawals separated by at least a week and the bank will not be required to report it to the government. Still might be seen, though...
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