At 05:54 PM 12/24/96 -0800, jim bell wrote:
"Man wins $27,000. He will eventually be required to report and pay taxes on the amount, but not quite yet. Stupid I/R/S people alert him BEFORE he files his taxes. He reports the payment, as is ostensibly legally required. He paid the taxes owed. Period."
THEN you said, "we settled the matter." Huh? What, exactly, was there to "settle"?
Why, of course, the fact that the guy attempted to structure the transaction to evade the reporting requirements in the first place. 31 U.S.C. 5324(a). Structuring (or attempting to structure) a financial transaction to evade the reporting requirements is a violation of this subsection, and 31 U.S.C. 5322(a) says that a willful violation is a five-year felony. Oh, and willful violation while violating another U.S. law is a ten-year felony until 5322(b). I'd suspect the guy was looking at a 5322(b) charge (with "transmission of wagering information in interstate commerce" as the "other U.S. law" being violated), but IANAL and I don't know the case law. EBD: Please correct me if I'm wrong. Oh, and did you go after the guy who wrote the three $9K checks for conspiracy or aiding-and-abetting? --bal