I'm trying to get health care for my son, but I may have too much money in the bank.
2007-12-03 04:25:05 · 11 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
9999
2007-12-03 04:30:47 · answer #1 · answered by wizjp 7 · 0⤊ 0⤋
You can take out as much as you want. And, if it's for a legitimate purpose like health care, the feds wouldn't care anyway.
2007-12-03 04:28:35 · answer #2 · answered by Teekno 7 · 0⤊ 1⤋
If you dont want to spend it but you dont want to be taxed on it tow things ..use it for a downpayment on a house or put it in a IRA for 6 months..non taxable and you get tax deductions for doing so.
2007-12-03 04:35:55 · answer #3 · answered by blunova21 1 · 2⤊ 0⤋
All transactions of $10,000 or more must be reported and that doesn't just mean bank transactions either.
2007-12-03 04:45:53 · answer #4 · answered by Its Hero Dictatorship 5 · 0⤊ 0⤋
Removing it in order to say you don't have it will get you charged with fraud. Don't you think some jealous friends or neighbors would report you?
2007-12-03 04:29:10 · answer #5 · answered by sensible_man 7 · 1⤊ 0⤋
If you have too much money, and you are trying to hide it, I hope someone catches you.
2007-12-03 04:29:32 · answer #6 · answered by desotobrave 6 · 0⤊ 0⤋
I heard it was 10,000.oo As you are being told by ppl here, Your money doesn't belong to you.
2007-12-03 04:29:52 · answer #7 · answered by reinformer 6 · 0⤊ 0⤋
$10000 sets off red flags.
2007-12-03 04:28:27 · answer #8 · answered by only p 6 · 1⤊ 0⤋
pay for it yourself then if you have "too much money". don't you know is taxpayers that have to pay for insurance for your son? if you can afford it pay it.
2007-12-03 04:34:37 · answer #9 · answered by naynay 3 · 0⤊ 0⤋
should get going to it or you will loose it.
2007-12-03 04:29:19 · answer #10 · answered by ? 7 · 0⤊ 0⤋