Banks Legal Taxes 
The Motley Fool
JANUARY 30, 2024
Image source: Getty Images Millions of tax filers received a tax refund from the IRS in 2023. If you typically get a refund when you file your taxes , you may be anticipating a repeat situation this season. Before the Fed's rate hikes, banks were generally paying minimal interest on savings accounts and CDs.
The Motley Fool
MARCH 23, 2024
Image source: The Motley Fool/Upsplash Tax season is a good time for small business owners to reflect upon their past year's business performance, and plan ahead for next year. As part of your tax planning, it's important to watch out for a few big tax mistakes. Don't use business bank accounts for personal expenses.
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The Motley Fool
JULY 1, 2024
Image source: Getty Images If you have $10,000 or more to deposit at your bank, you're probably eager to get it into your account where the funds will be safe and accessible. Banks are required to keep records of these transactions and to make reports of them as part of an effort to stop behaviors such as money laundering and tax evasion.
The Motley Fool
MARCH 31, 2024
income taxes. Although in most cases, a refund simply represents a repayment of previously overpaid taxes, it still feels nice to get that cash back. Read on to find out why and decide for yourself whether one or more of them may be worth investing your tax refund in. Image source: Getty Images. Do note that U.S.
The Motley Fool
SEPTEMBER 3, 2023
You need to be aware of when and how you could possibly face legal and financial scrutiny if you make deposits in a certain pattern that trigger the attention of authorities. If you deposit more than $10,000 in cash in your bank account at one time, your bank is required to report this behavior and to keep a record of it.
The Motley Fool
JULY 8, 2024
Image source: Getty Images Depositing money in your bank account is something that you have the right to do. Making a big deposit like this triggers some extra requirements and, in some cases, if you do it the wrong way, you could find yourself facing legal trouble. This is true even if you got the money perfectly legally.
The Motley Fool
JANUARY 22, 2024
Image source: Getty Images Small business owners have to deal with a few different types of legal compliance and document filing requirements throughout the year. But along with forming an LLC, filing annual reports for a corporation, or filing business tax returns, now there's a new one called "BOI."
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