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Energy Investing
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iRe: Democrats raise proposed IRS bank reporting threshold to $10,000 a "year" gross annual inflows or outflows exempting for wage income from $600The problem I see is if you have your house painted for $2000 dollars and don't get a social security number, copy of ID and get a signed W-4 and form I-9 then you would be subject to IRS penalty. They know you paid old Joe to paint and if cash was used then you better be able to show what you spent it on. |
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