Monday, December 12, 2011

Does the bank and government share financial information about the citizens?

Does the government know how much money I have in my bank account?|||Usually, not without a warrant or subpoena. However, transactions over a certain amount are always reported to the gov't.





Also, in the case of an audit, the gov't will gain access to all accounts that you have. If you have bank accounts that exceed reported income, then you will have some serious explaining to do.





I'm not sure what in the hell this has to do with employment in the financial sector, but anyway. . .|||if government want to know your bank information, bank should offer it to them unconditionally.|||You bet they do

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