My cousin is leaving to Mexico and asked me to keep his $10,000 until he comes back. I know theres a certain amount that if deposited to any account, the bank reports it to the IRS. How can I prove incase of an audit that I was just holding it for a while and it’s not my money; Or what would I have to do?

What is the cheapest way to transfer money into someones account the same day?

My cousin is leaving to Mexico and asked me to keep his $10,000 until he comes back. I know theres a certain amount that if deposited to any account, the bank reports it to the IRS. How can I prove incase of an audit that I was just holding it for a while and it’s not my money; Or what would I have to do?

It seems to me that the amount of money in a person’s bank account is just a bunch of numbers in a computer’s hard drive. Who actually checks and see if no one just puts
“extra numbers” in someone’s bank account?

It seems to me that the amount of money in a person’s bank account is just a bunch of numbers in a computer’s hard drive. Who actually checks and see if no one just puts
“extra numbers” in someone’s bank account?

It seems to me that the amount of money in a person’s bank account is just a bunch of numbers in a computer’s hard drive. Who actually checks and see if no one just puts
“extra numbers” in someone’s bank account?