(USA) Western Union, MoneyGram & IRS
hello,
does anyone know if Western Union and MoneyGram report cash transactions to the IRS?
I live in the USA and have just begun to receive cash from a foreign country ($750 USD every 8 days). I use either Western Union or MoneyGram. since I have to submit a form and show ID every time I pick up cash, I was wondering if they log transactions from the same cash receiver and submit to the IRS for tax purposes? surely if the same person is getting cash all the time, they would get suspicious...or maybe they are required by law to submit to the IRS?
thank you,
karen
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