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How do you avoid getting trouble with your revenue office or your bank institution?

Discussion in 'Business & Tax Advice' started by SirCommitAlot, May 19, 2013.

  1. SirCommitAlot

    SirCommitAlot Newbie

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    Dear BHW community,

    this questions goes to all high earners of BH money making methods.

    If I received more than 1000$ per month (not related to my job) to my bank account, my bank institution would invite me to a conversation (subpoena) where I had to justify my earnings. In a short time, my revenue office would do the same. I'm not sure what the revenue office would do if I was not able to answer their questions but probably my bank institution would be forced to dismiss me because of suspected money laundring or suspected illegal business.

    In which country do you live and how do you handle this issue to regularly receive your high amounts of money without any problems? I doubt many of the users here have an own company which would justify to earn high amounts of money.
     
  2. scarinessreported

    scarinessreported Newbie

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    Is that an anti money laundering regulation the bank has or just a policy? If its a policy then get another bank.
    The most important thing is that the revenue are happy and that means paying the tax on what you should.
     
  3. IM Addict

    IM Addict Registered Member

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    What if the IRS, while being happy about you paying your taxes, wants to know how did you earn that money?
    Sometimes that might be a hard thing to explain...;)
     
  4. Known

    Known Regular Member

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    OH CANADA!!!!
    Everything your doing is legal, they can't do or say anything to you, just answer their questions. Unless ofcourse you're making money by scamming or something.
     
  5. Alpha.

    Alpha. Power Member

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    Location:
    Europe... No Borders? No Worries!
    Change the bank... My bank tried something like this a while back and I told them clearly that a. it's none of their beeswax how I make my money and b. that I will move my money out of their accounts as soon as I've found an alternative bank as they give me the feeling of living in east Germany during the Russian occupation...

    They then offered me better conditions than before and never asked anything again ^^