Do withdrawls or deposits to your bank account get flagged by the IRS?

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Do withdrawls or deposits to your bank account get flagged by the IRS?

07-26-2005, 10:45 PM

IlliniRyRy IlliniRyRy is offline

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Join Date: Oct 2003

Location: Chicago, IL

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Do withdrawls or deposits to your bank account get flagged by the IRS?

Hi, I have about 60k in my checking account and I'm looking to open a futures account, if the money is transferred into the other account and then quickly transferred back after a few weeks or something, will that increase my chances of getting audited? Anyone know if it matters? Thanks.

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