My husband receieved a check for $26,000 from his dead uncle's trust fund. He owes the IRS some back taxes and is afraid to deposit the check into his own account. Can he go to the bank where the check was issued (trust was set up there) and get the check cashed?
He may be able to do that. Because of the large amount, the bank may still have to file a Currency Transaction Report, however.
Deposit the money into your account for safety and accountability. Then call the IRS and make arrangements to pay the money that is owed. That is much simpler than worrying about when the IRS will garnish your bank accounts or seize your property.
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He may be able to do that. Because of the large amount, the bank may still have to file a Currency Transaction Report, however.