Re: Be prepared for a witholding of taxes ?
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"In that meeting, the Group pledged to cooperate with the USAO, indicated it was prepared to begin document production promptly and discussed a potential mechanism for arranging an orderly repayment of funds to US customers."
I guess that when you supply your SS#, as part of this "orderly repayment", you can expect some witholding for IRS purposes.
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This is entirely false. As someone mentioned, the IRS withholds money for tax on INCOME. The IRS, while they are often seen as the "bad guys" aren't going to randomly withhold funds in a bank account. AFAIK, the IRS currently has no involvement whatsoever in this current NETeller issue.
Now, if they audit your NETeller records and compare them to taxes that you have paid and there is a huge gap, maybe an issue will arise. This audit like any other would probably only affect a very small % of people. And like typical income tax return audits, they would probably only go after accounts with relatively high balances.
This is all speculation of course, but there's no reason to panic and say OMGZ THE IRS IS GOING TO STEAL MY MONIES!!
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