joemilitary
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Post by joemilitary on Oct 12, 2015 17:20:59 GMT -5
Just eat the money and then dig it out of the poop after the flight
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gooddecisions
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Post by gooddecisions on Oct 12, 2015 17:31:27 GMT -5
Can't grandpa just deposit the money into the daughters account through a local branch? As long as he has her account number and does it in a couple deposits (to avoid the IRS reporting if he's that weird about it), it shouldn't be an issue. Heck, Daughter can just mail some deposit slips to him. I would not recommend that. Depositing 25K cash in deposits under 10K will mean the bank will fill out a different form without you knowing. This behavior screams structuring to avoid the over 10k form. I'd take the bank filling out the over 10K deposit form over secretly reporting the suspicious transaction form. Seriously, the over $10K form is not a big deal unless you are hiding illegal activity.
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Abby Normal
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Post by Abby Normal on Oct 12, 2015 18:02:14 GMT -5
Can't grandpa just deposit the money into the daughters account through a local branch? As long as he has her account number and does it in a couple deposits (to avoid the IRS reporting if he's that weird about it), it shouldn't be an issue. Heck, Daughter can just mail some deposit slips to him. I would not recommend that. Depositing 25K cash in deposits under 10K will mean the bank will fill out a different form without you knowing. This behavior screams structuring to avoid the over 10k form. I'd take the bank filling out the over 10K deposit form over secretly reporting the suspicious transaction form. Seriously, the over $10K form is not a big deal unless you are hiding illegal activity. I know that-I get reported on all the time for work. But it sounds like the guy is paranoid. He wouldn't have to necessarily give them his info depositing cash- especially in smaller amounts over a period of time.
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gooddecisions
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Post by gooddecisions on Oct 12, 2015 18:17:09 GMT -5
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Deleted
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Post by Deleted on Oct 12, 2015 19:53:33 GMT -5
1. SS is not income tested. You can't lose SS eligibility, but SS is potentially taxed based on other income. 2. Medicare is not income tested. 3. Medicaid (i.e., nursing home stuff) is income and asset tested 4. Only good way to move cash is in small amounts over a period of time. Fed banking laws still require an s-load of documentation to wire funds. 5. FedEx is very reliable. Don't ask why I know this carp
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Ombud
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Post by Ombud on Oct 12, 2015 20:46:19 GMT -5
He doesn't want his name associated with money! Wait...I think I said it like 5 times already He's not eligible for SSA because he arrived at 60 so no way in hell does he'll have 40 earnings quarters. He's on SSDI based on aged. Yes it is fraud. Yes he would lose his SSDI based on excess assets. Yes he would have to repay. Yes this is the problem with old people coming here from other countries for our generous (by comparison) benefits
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Ombud
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Post by Ombud on Oct 12, 2015 20:46:50 GMT -5
Really what laws are being broken? There is no law that says you can't save cash. There is no law that limits the amount of cash you can give another person. I guess I'm not seeing an issue. Now if Looney came in asking "My drug dealing FIL has this cash he wants to give away" I think my answer would be different If everything is on the up and up, then he should have no problem going through the necessary legal channels to access this money. It's not on the up and up, it's collecting SSDI based on fraud
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cronewitch
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Post by cronewitch on Oct 13, 2015 0:10:48 GMT -5
My question is if it might be SSI not SS so he can only have two thousand in cash or bank deposits or assets not car and home. If he is on SSI he will be charged with fraud and lose his SSI and might lose Medicaid. To defraud us he should give the money to his son and tell people he repaid a loan if asked. The son should deposit it into banks or buy money orders or travelers checks to use up most of it. He can't get SS retirement or SSDI if he didn't work 40 quarters.
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buster
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Post by buster on Oct 13, 2015 0:26:56 GMT -5
Can't grandpa just deposit the money into the daughters account through a local branch? As long as he has her account number and does it in a couple deposits (to avoid the IRS reporting if he's that weird about it), it shouldn't be an issue. Heck, Daughter can just mail some deposit slips to him. I would not recommend that. Depositing 25K cash in deposits under 10K will mean the bank will fill out a different form without you knowing. This behavior screams structuring to avoid the over 10k form. I'd take the bank filling out the over 10K deposit form over secretly reporting the suspicious transaction form. Seriously, the over $10K form is not a big deal unless you are hiding illegal activity. I've read articles about this same thing. Structuring deposits will the sole intent to bypass the 10k filing process can get the entire account suspended. While it may not happen, it's not worth the risk. Perhaps just mail 1k at a time using USPS after confirming his GD has received it? I can't remember the last time I lost something in the mail, but at least this way if it does get lost only 1k is lost and not the entire 25k.
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zibazinski
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Post by zibazinski on Oct 13, 2015 3:00:54 GMT -5
No, DH didn't mail life savings. He mailed $1000 every month in cash to his Aunt. Bet she's sorry that gravy train ended. He did it in cash so that she didn't lose anything she might be qualified for but she DID work all these years and was a citizen. She just married poorly and has zero assets. Owes more on her house than it's worth. Had to lease a car bcuz no money to buy one. This helped her eat better and probably heat and cool her house comfortably and put gas in her car. Whatever she used it for. Don't know and don't care. She's no friend to me. Let her kids support her.
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cronewitch
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Post by cronewitch on Oct 13, 2015 4:07:26 GMT -5
Zib, sorry for your loss.
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gooddecisions
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Post by gooddecisions on Oct 13, 2015 6:56:41 GMT -5
He doesn't want his name associated with money! Wait...I think I said it like 5 times already He's not eligible for SSA because he arrived at 60 so no way in hell does he'll have 40 earnings quarters. He's on SSDI based on aged. Yes it is fraud. Yes he would lose his SSDI based on excess assets. Yes he would have to repay. Yes this is the problem with old people coming here from other countries for our generous (by comparison) benefits Oh I see what's going on now. Thanks for the clarification. Sigh, doesn't anyone just live an honest life anymore.
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MJ2.0
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Post by MJ2.0 on Oct 13, 2015 7:22:12 GMT -5
I knew there was something shady going on. And this is why things are so regulated now - everyone wants something for nothing.
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Ombud
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Post by Ombud on Oct 13, 2015 7:54:34 GMT -5
cronewitch , I assumed he worked a little here in that he got here at 60 -- just not enough for 40 quarters. At best 20 quarters and then claimed aged. Either way it's fraud as his assets are well over 2k and we're writing the check
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Post by The Walk of the Penguin Mich on Oct 13, 2015 12:15:16 GMT -5
There is no law against saving money. If he saved it while he worked or out of his SS is equally irrelevant. At his age, I doubt anyone would care about the $25k cash or how he obtained it. Unless ofcourse he shows up at the bank with $25k in a bag and a pistol in hand or bloody hands. I still think it's inviting trouble to introduce this amount of money into his recorded finances at this point, because of look back periods. I guess if he's not worried about any benefits (I'm thinking along the lines of medicaid and senior housing) then it's down to paranoia. If it is at all likely that he will be applying for something in the near future then it might cause a wrinkle. Not only that, he is in subsidized housing. I'm not sure how this works, but I'm pretty sure that bank accounts are considered as well.
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Post by The Walk of the Penguin Mich on Oct 13, 2015 12:18:57 GMT -5
He doesn't want his name associated with money! Wait...I think I said it like 5 times already He's not eligible for SSA because he arrived at 60 so no way in hell does he'll have 40 earnings quarters. He's on SSDI based on aged. Yes it is fraud. Yes he would lose his SSDI based on excess assets. Yes he would have to repay. Yes this is the problem with old people coming here from other countries for our generous (by comparison) benefits If he worked from 60-70, that would be sufficient to have enough quarters for SS. Loony doesn't say how old her FIL is. BTW....you do not lose SSDI on assets. SSDI is disability insurance and you receive it if you have worked 40+ quarters. I receive this, worked 35 years and not a single one of my assets was considered for me to receive this. SSI is what's provided for those who do not have sufficient quarters, or become disabled before they can collect SSDI.
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Wisconsin Beth
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Post by Wisconsin Beth on Oct 13, 2015 12:31:52 GMT -5
I thought she said he was 85?
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Deleted
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Post by Deleted on Oct 13, 2015 12:32:29 GMT -5
He's not eligible for SSA because he arrived at 60 so no way in hell does he'll have 40 earnings quarters. He's on SSDI based on aged. Yes it is fraud. Yes he would lose his SSDI based on excess assets. Yes he would have to repay. Yes this is the problem with old people coming here from other countries for our generous (by comparison) benefits If he worked from 60-70, that would be sufficient to have enough quarters for SS. Loony doesn't say how old her FIL is. BTW....you do not lose SSDI on assets. SSDI is disability insurance and you receive it if you have worked 40+ quarters. I receive this, worked 35 years and not a single one of my assets was considered for me to receive this. SSI is what's provided for those who do not have sufficient quarters, or become disabled before they can collect SSDI. She said he's 85 and has been collecting SS for 25 years.
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Ombud
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Post by Ombud on Oct 13, 2015 14:09:10 GMT -5
If he worked from 60-70, that would be sufficient to have enough quarters for SS. Loony doesn't say how old her FIL is. BTW....you do not lose SSDI on assets. SSDI is disability insurance and you receive it if you have worked 40+ quarters. I receive this, worked 35 years and not a single one of my assets was considered for me to receive this. SSI is what's provided for those who do not have sufficient quarters, or become disabled before they can collect SSDI. She said he's 85 and has been collecting SS for 25 years. I stand corrected. It's SSI and definitely fraud as SSI is a version of welfare. Shame on them
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NancysSummerSip
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Post by NancysSummerSip on Oct 13, 2015 16:21:53 GMT -5
I'm still watching the national news, to see if TLoony's DH gets nabbed for the money. I can see the headline now:
Man's Fruit Of The Looms reveal 2 1/2 stacks of racks*
*A rack is the slang term for a stack of $100 dollar bills totaling $10,000.
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moon/Laura
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Post by moon/Laura on Oct 13, 2015 17:29:18 GMT -5
I've only read page one, but I've gotta say.. Loony, you're being rude as fuck. Posting here, demanding answers, clearly looking for whatever..whether it's legal or not is clearly irrelevant. People try to help you find legal ways, which involves asking questions, and then you bitch them out for it. Unfuckingbelievable.
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Ombud
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Post by Ombud on Oct 13, 2015 17:50:46 GMT -5
I KNEW this is whats going to happen! WHY are you all getting me questions instead of the answers? YES he is 85 y/old and he is afraid to lose his SS. I can't deal with changing his mind. And it wasn't a question!!! He can't open bank account because he believes 'they' will take his SS away. \ Now lets anwer the question You do realization we are the 'they' he's afraid of, right? The honest law abiding taxpayers
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joemilitary
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Post by joemilitary on Oct 13, 2015 18:13:00 GMT -5
there are a lot of h8ers on here
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mmhmm
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It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Oct 13, 2015 18:22:46 GMT -5
I'm confused. There's no rules against saving your SS. He's got 25K in cash just sitting in the house? Have him put it in a bank account. He can open one in both his and your husband's name and then your husband can access it. I KNEW this is whats going to happen! WHY are you all getting me questions instead of the answers? YES he is 85 y/old and he is afraid to lose his SS. I can't deal with changing his mind. And it wasn't a question!!! He can't open bank account because he believes 'they' will take his SS away. \ Now lets anwer the question Okay. I think I can do that. What your FIL is doing and wants to do to cover up what he has been doing is illegal. That said, you should not be asking such a question on these message boards. We are not here to provide you with ways to evade the laws, whether it's for you or for somebody else. Below are the ProBoards Community Guidelines (part of their ToS.) The bolded section is the section you are violating, Tloonya: Prohibited Content Content that: Infringes the rights, including without limitation the copyright, patent, trademark, trade secret or other proprietary rights, of any third party, or violates any agreement between you and a current or former employers concerning the intellectual property you create or created during your employment; Is libelous or defamatory, or violates the privacy or publicity rights of any third party; Consists of or contains viruses, Trojan horses, worms, malicious code or other harmful or destructive content; Is obscene, lewd, lascivious, filthy or pornographic, that may constitute child pornography, or that may solicit personal information from or exploit in a sexual or violent manner anyone under the age of 18; Depicts excessive violence, contains comments or images that are offensive, abusive, threatening, harassing or menacing, or that incites, encourages or threatens physical harm against another; Promotes or glorifies racial intolerance, uses hate and/or racist terms, or signifies hate towards any person or group of people; Advocates the violent overthrow of the government of the United States or other conduct that could constitute a fraud or other criminal offense, give rise to civil liability, or otherwise violate any applicable local, state, national, or foreign law or regulation; Glamorizes the use of illegal substances and drugs; Promotes gambling or casinos; Promotes the buying, selling, or trading of firearms or weapons; Violates in any way applicable laws or regulations, including without limitation laws designed to regulate unsolicited email or other electronic advertising, in any jurisdiction where the Website or Services are marketed or provided; Violates any provision of this Agreement or any other ProBoards agreement or policy; Has a detrimental effect to the goodwill and good standing of ProBoards or any of its affiliates, officers, directors, employees, consultants, agents, contractors or representatives; or Is generally offensive or in bad taste, as determined by ProBoards.
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Ombud
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Post by Ombud on Oct 13, 2015 18:28:36 GMT -5
there are a lot of h8ers on here If he owned up to having the money, he would go on ACA for insurance and pay his own expenses until he was within limits. I'm not advocating putting an 85 yo on the streets without food (he can still take it from the food bank), health insurance, or housing. It's just a matter of who pays for it Below are the ProBoards Community Guidelines (part of their ToS.) The bolded section is the section you are violating, Tloonya: Prohibited Content But she keeps it interesting!!
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joemilitary
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Post by joemilitary on Oct 13, 2015 18:35:18 GMT -5
there's legal hate on here too
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mmhmm
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Post by mmhmm on Oct 13, 2015 18:44:40 GMT -5
there's legal hate on here too Where's that, joemilitary? Please point it out to me.
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mmhmm
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It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Oct 13, 2015 18:45:53 GMT -5
there are a lot of h8ers on here If he owned up to having the money, he would go on ACA for insurance and pay his own expenses until he was within limits. I'm not advocating putting an 85 yo on the streets without food (he can still take it from the food bank), health insurance, or housing. It's just a matter of who pays for it Below are the ProBoards Community Guidelines (part of their ToS.) The bolded section is the section you are violating, Tloonya: Prohibited Content But she keeps it interesting!! <chuckle> Yeah, until ProBoards catches a sniff of it. Then, it could get a lot less interesting around here.
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joemilitary
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Post by joemilitary on Oct 13, 2015 18:46:14 GMT -5
dudes I am joking....you all are so serious.....
ETA- hopefully no one thought my previous idea of eating the bills of cash and then digging them out of the poop later was a serious idea??
(I mean, everyone knows you have to put the cash in a condom "balloon" first and then swallow the balloon....correct? )
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zibazinski
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Post by zibazinski on Oct 13, 2015 19:21:02 GMT -5
The amount is actually lower than 10k. Not for reporting but it actually raises questions. It can be looked at with suspicion. This is why taxpayers get pissed off about welfare. Who the hell lets a 60 year old person into their country to leech? Only the US.
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