There was a question about paypal business versus personal and it's a good question- i haven't delved into the actual act myself, just read the articles. There also have been questions, maybe in other threads about 1099's... currently if you have a bank account or brokerage acct... a 1099 is sent for individuals' income, but something similar is often sent only to the business that looks like a 1099 but is just a courtesy- no business income gets reported directly to the IRS currently. The thresholds for deposits is for catching $ cleaning plain and simple. While the agencies "could" share info, it's not the purpose.
There should be no discussions here or anywhere else regarding what these threshholds are or how to stay under the radar in this way. The maximum penalties are stiff even if you unknowingly help someone. Modee is correct in that it aint the tax man, and the last thing you want is to look suspicious for a far more serious reason than you thought- especially in today's environment.
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