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Donjulio
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IRS and Bancomer
This might help someone prevent a problem.
One of my friends here in San Felipe still is cleaning up a tax lien in the US. He deposited $3500 in Bancomer and the IRS seized it.
When he checked into it a little more, what he found was that if someone wire transfers into your account it isn't reported because it is considered
already in the bank.
However if it is a cash deposit then it is reported. NOTE: They did not touch his peso account. Only the dollar.
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slimshady
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How did they know he had a Bancomer Account? Do they have branches in the USA? Does he have Bancomer account in the USA?
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Donjulio
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| Quote: | Originally posted by slimshady
How did they know he had a Bancomer Account? Do they have branches in the USA? Does he have Bancomer account in the USA? |
Apparently Bancomer reports cash deposits to the US. Probably has something to do with all the money laundering crap that just got uncovered.
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shari
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Mood: there is no reality except the one contained within us "Herman Hesse"
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what if you are not american...say british, australian, canadian???
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Gypsy Jan
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Ohh Puhleeze!
Do any of you remember the Citibank take down regarding money laundering of drug proceeds?
If you have a U.S. bank account, related to anything offshore, guess what, the computers flag your account.
It doesn't matter how small the amount is, it is the movement that puts you under scrutiny.
“Travel is fatal to prejudice, bigotry, and narrow mindedness.”
—Mark Twain
\"La vida es dura, el corazon es puro, y cantamos hasta la madrugada.” (Life is hard, the heart is pure and we sing until dawn.)
—Kirsty MacColl, Mambo de la Luna
\"Alea iacta est.\"
—Julius Caesar
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Bob and Susan
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he MUST have a USA Bancomer account
they are TWO different companies
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Donjulio
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| Quote: | Originally posted by Bob and Susan
he MUST have a USA Bancomer account
they are TWO different companies |
No, he does not. Only an account in Mexico.
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toneart
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| Quote: | Originally posted by Gypsy Jan
Do any of you remember the Citibank take down regarding money laundering of drug proceeds?
If you have a U.S. bank account, related to anything offshore, guess what, the computers flag your account.
It doesn't matter how small the amount is, it is the movement that puts you under scrutiny. |
Jan,
He is talking about a Mexican bank account in U.S. Dollars. Furthermore, he made the deposit in cash.
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Bob and Susan
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so you are saying...
the IRS in the USA
reached into another country (mexico)
and took money out of a mexican bank account
...better check out all the facts again
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sanquintinsince73
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| Quote: | Originally posted by Bob and Susan
so you are saying...
the IRS in the USA
reached into another country (mexico)
and took money out of a mexican bank account
...better check out all the facts again |
If it were that easy we would have frozen/taken Osama's money by now.....don't you think?
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Donjulio
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Well the facts are pretty simple. They are above. I posted so it might help someone avoid problems. He went to Bancomer here in San Felipe where he
lives and has lived and had an account for over 5 years, deposited the money into his dollar Bancomer account and the US IRS seized the money. How
much more simple can it be.
The bank manager told him if had been wired in by him or anyone else that it would not have been reported because it was already accounted for in a
bank to bank situation.
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Woooosh
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So... he could not wire the money from a USA bank to Mexico because the IRS would have seized it from the USA bank before he had that chance. Instead
he deposited cash dollars (below the widely accepted reporting threshold amount of $10,000) to a Mexico bank that also has a partner bank in the USA.
So the question here really is: Do Mexico and the USA share all banking information on everyone- or just single out US Citizens with IRS liens that
are known to be residing in Mexico? Do they have access to all Mexican bank information- or just banks who do business on both sides of the border?
Does the same apply to Mexican nationals who owe money to the IRS?
Well, my guess would be they do it on everyone, every time, every where, be it dollars or pesos, be it cash or wired- just because they can and Mexico
cooperates with them. I know my government's history well enough not to dismiss this as tin-foil hat conspiracy theory. A US citizen has US tax
obligations on income earned in Mexico so why wouldn't they track it if they could? He owed the money (and who knows how much more) and deposited
cash in a foreign bank allegedly to get around paying it. I love my USofA, but I'm not surprised or shocked. Disappointed- yes.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Donjulio
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| Quote: | | He owed the money (and who knows how much more) and deposited cash in a foreign bank allegedly to get
around paying it. I love my USofA, but I'm not surprised or shocked. Disappointed- yes. |
Actually it was deposited in the bank here because he has been working and living here 10 years.
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jak
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| Quote: | Originally posted by slimshady
How did they know he had a Bancomer Account? Do they have branches in the USA? Does he have Bancomer account in the USA? |
When a US citizen opens a Bancomer account they ask for your SS#......figure it from there.
\"If you don\'t stand for something you will fall for anything.\" Soupy Sales
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Woooosh
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| Quote: | | Quote: | | Quote: | Originally posted by Donjulio
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He owed the money (and who knows how much more) and deposited cash in a foreign bank allegedly to get
around paying it. I love my USofA, but I'm not surprised or shocked. Disappointed- yes. |
Actually it was deposited in the bank here because he has been working and living here 10 years. |
He owes US federal income tax on his Mexico income too then. I hope he picks a state to file in that has no tax (NV, TX, TN, etc).
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Bob and Susan
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no ssn# needed when you open a bancomer account in mexico
how did the IRS find the account?
answer: its an american account and your friend doesnt remember
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Donjulio
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| Quote: | Originally posted by Bob and Susan
no ssn# needed when you open a bancomer account in mexico
how did the IRS find the account?
answer: its an american account and your friend doesnt remember |
What a really dumb thing to say.
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slimshady
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I have an HSBC account. No ss needed. Something is not right. Must be a account opened in USA.
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Bob and Susan
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don
you are posting this as a fact
and its hear-say
"One of my friends here in San Felipe..."
just because you heard it doesn't mean it's completely true
there MUST be more facts that occured for this to happen
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The Gull
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| Quote: | Originally posted by Donjulio
One of my friends here in San Felipe still is cleaning up a tax lien in the US. He deposited $3500 in Bancomer and the IRS seized it.
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Hopefully, the $3500 will help clean up part or all of the lien. I say bravo to the IRS.
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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