10/01/2001
An individual walked into a Pennsylvania bank and opened one individual account and two business accounts.
07/09/2001
I read an article several years ago regarding an IRS requirement that if there is joint account wros and the primary owner(1099 information reported under this person's SSN) dies, the 1099 for that year should include the interest for the primary owner only through the date of death. A new account should be opened for the surviving owner in order to correctly report the interest going forward. Is this IRS requirement still in effect? If so, would it be required for a husband and wife filing a joint return?
07/02/2001
If we have a joint trust account with a husband and wife (both as trustees) and are using the social security number of the husband and he dies, can we change the TIN to the wife's social security number or do we have to have an EIN?
06/01/2001
On February 15, 2000, an individual from New York pled guilty to three felony charges of money laundering, interstate transportation of stolen property, and credit card fraud.
06/01/2001
The IRS-Criminal Investigation and the FBI conducted an investigation of several individuals involved in soliciting investments and deposits in a financial institution that falsely claimed Indian t
06/01/2001
06/01/2001
A joint investigation conducted by the IRS/CID, DEA, and the Bureau of Alcohol, Tobacco, and Firearms (ATF) was initiated by an analysis of SARs and CTRs filed by banks in Ohio.
06/01/2001
A SAR filed by a financial institution in Pennsylvania led to a joint investigation by the IRS/Criminal Investigation, the U.S.
01/15/2001
Somewhere in the past I remember learning that a 1099 should be filed whenever an institution suffers a loss to an individual you can identify. Charged off loan, criminal asset loss as examples. Where can I find this in writing? I know the SAR requirements, I just need the IRS 1099information.
01/15/2001
Can we show a customer a copy of a CTR report for that customer's transaction? I recall seeing this same question in your Q and A section but couldn't find it again.