- Oct 15, 2017
- Reaction score
If a friend of mine starts sending me money via Western Union (between $500-1000 a week), are those transactions going to be reported for tax purposes? Just curious if I need to be concerned about a paper trail catching up with us, or if 1000 a week isn’t really enough to turn heads. Will our IDs be recorded by doing this? He lives about 1000 miles away so we’re looking for the most private way to send money without it coming to bite me or us later on. Realistically we’re talking about two $500 transactions per week. Am I just overthinking this?