electronic money

  1. Tbrook01

    Question About Money Transfers

    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...
    • Tbrook01
    • Thread
    • electronic money finance irs money transfer tax transactions western union
    • Replies: 3
    • Forum: Business & Tax Advice
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