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According to manta, the store did $5-$10 Million in gross sales per year. That works out to be from $13698 to $27397 in daily sales. So with these type of daily sales, one has to wonder how many deposits were made in the $9000 area to throw up a red flag compared to other businesses in the same field. Plus with only $35k in the account, its a little odd to have only maybe three days of receipts in the corporate acct based only on one store.
According to manta, the store did $5-$10 Million in gross sales per year. That works out to be from $13698 to $27397 in daily sales. So with these type of daily sales, one has to wonder how many deposits were made in the $9000 area to throw up a red flag compared to other businesses in the same field. Plus with only $35k in the account, its a little odd to have only maybe three days of receipts in the corporate acct based only on one store.
My guess a good portion is from credit and debit card. Also, all the IRS had to do is put a withdraw hold for a few days while an IRS agent looked over his books to see if the deposits are legit.
According to manta, the store did $5-$10 Million in gross sales per year. That works out to be from $13698 to $27397 in daily sales. So with these type of daily sales, one has to wonder how many deposits were made in the $9000 area to throw up a red flag compared to other businesses in the same field. Plus with only $35k in the account, its a little odd to have only maybe three days of receipts in the corporate acct based only on one store.
I agree... the story smells fishy... I don't make anywhere close to that and all the deposits have always been less than 10k... I can't even imagine getting a 10k deposit...
It is funny to watch the cons try to blame the Democrats when it is their own people who created and supported the law.
Yes, this is what happens when the conservative love for an authoritarian government pursuing a war on drugs runs smack dab into their hatred of the IRS and the black man in the White House.
What's even funnier is that some people are so dumb that they think these are partisan issues!
Quote:
Originally Posted by urbanlife78
It is funny to watch the cons try to blame the Democrats when it is their own people who created and supported the law.
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