Taxing Bloggers?
I just deposited a Text Links AD (TLA) check today to my US dollar account. I normally deposit checks for various reasons and until today I have not been asked for any additional information except for my account number. Today was different. I handed over the check to the friend bank teller, as usual. She then politely asked me for my TIN number and the source of the funds. Is anybody else experiencing this change in behavior? This is definitely new to me.
The bank is now asking me for the source of the funds for a check way under the Anti-Money Laundering Act (AMLA)-defined limit. It would be strange if the small amount I deposited money laundering. The money launder must be using thousands of people like me to be able push significant amounts. So what other reason would they want the information for?
The only other reason I can think of … is … that they are silently collecting the information in advanced already. Then at some point in the future, BIR can ask for the data and then start hunting mega-bloggers! Maybe. Maybe.
