IRS & FinCEN – Getting The People To Do Their Dirty Work For Them

For a long time now, the IRS has forced Americans to spy on other Americans. W-2, W-2G, 1042S, the 17 members of the 1099 series (A, B, C, Cap, Div, G, H, Int, K, Ltc, Misc, Oid, Patr, Q, R, S, & SA), 3921 & 3922 are all forms designed to capture income on an annual basis of virtually every type where someone else is forced to tell on you.

One you never hear about that has been around for over 20 years is IRS Form 8300 – Report of Cash Payments Over $10,000 Received in a Trade or Business. This is my favorite.

Right on top it notes “Failure to file this form or filing a false form may result in imprisonment.” Sounds pretty serious. In fact, on the front page of IRS Publication 1544 (the 6 pages of instructions) it states the purpose of this form – “Drug dealers and smugglers often use large cash payments to “launder” money from illegal activities. Laundering means converting “dirty” or illegallygained money to “clean” money.” I guess Janet Nacrapitano is right, I’d better see something and say something to “protect” my fellow man. Certainly don’t want anyone cleaning money, that’s for sure.

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