Breaking Bad - 9/11/11 - "Bug"

Discussion in 'Now Playing - TV Show Talk' started by VegasVic, Sep 11, 2011.

  1. getreal

    getreal postcrastinator

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    That storyline would have to be in an episode titled "IOT". :cool:
     
  2. DanB

    DanB New Member

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    This wasnt just some regular audit. It's not going to get all the way to IRS' criminal investigation division on just "hunches." But, after-all, its just a TV show.
     
  3. nyny523

    nyny523 Oy

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    :D:up:
     
  4. cheesesteak

    cheesesteak Meh. TCF Club

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    Even if Skyler help's Ted, what's he going to do, give the IRS a duffel bag full of $50s?
     
  5. Bierboy

    Bierboy Seasoned gas passer

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    Why not? What do they care what form payment is made?
     
  6. john4200

    john4200 Well-Known Member

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    Was that a joke? You forgot the smiley.

    What kind of income could that company possibly have that results in hundreds of thousands of dollars in $50 bills? The IRS cares about tracking income, you know.
     
  7. aRKade

    aRKade New Member

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    Because it is the Federal Government. If they get money then they can spend it. The only reason they would care where it came from is if it was a source they could get more money out of. The only reason they were investigating Ted's company is because he wasn't giving them enough money.
















    :rolleyes:
     
  8. aRKade

    aRKade New Member

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    They tried that with Ryan on "The Office" and that storyline wasn't very interesting. Although that story did end with Ryan losing his job because of drugs. That would make it kind of ironic.
     
  9. TheMerk

    TheMerk Always Bid First

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    I assume Skylar would give Ted the money, and he would deposit it in an account, and have a cashier's check drawn.

    Of course, there is the possibility that Ted would take the money and run. :eek:
     
  10. john4200

    john4200 Well-Known Member

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    And you think walking into a bank with hundreds of thousands of dollars in $50 bills to deposit is not going to get reported to the IRS, why exactly?

    At best, he could possibly avoid suspicion if he had an account in a shady, offshore bank to deposit the cash to. Getting the cash out of the US, to the bank would not be simple (walking onto a plane with a suitcase of cash is likely to raise red flags). And when he makes the wire transfer from that bank to a US bank (or to the IRS), it is likely that would also trigger an investigation. Maybe Saul could set up some shell companies registered in the Cayman's or something to make everything look less suspicious, but all large offshore transfers are likely to be scrutinized by the IRS.
     
  11. DanB

    DanB New Member

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    Guess Ted will open a car wash :)
     
  12. john4200

    john4200 Well-Known Member

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    Nah, he should go with the nail salon. He could hit on the customers.
     
  13. Bierboy

    Bierboy Seasoned gas passer

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    No, it was not a joke. What would the gov't care? So long as it's $$$....
     
  14. john4200

    john4200 Well-Known Member

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    The IRS tries to track all income, so that it can detect unreported income. Hundreds of thousands of dollars in $50 bills is a huge red flag that some income is not being reported, and also a good indicator of criminal activity that might generate a referral to the Justice Dept or FBI.
     
  15. Bierboy

    Bierboy Seasoned gas passer

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    So what if it was unreported; it has now been reported, and the fed guy was satisfied. What does he care how it's repaid? Geesh, calm down man and just enjoy the show. You really need to just sit back and enjoy the ride...you're way too anal about this...
     
  16. stellie93

    stellie93 Well-Known Member

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    Of course, when they don't get money they just print more and spend that. ;)
     
  17. john4200

    john4200 Well-Known Member

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    No, the income has not been reported. It is hundreds of thousands of dollars in $50 bills. What do you think it was reported as? I doubt they listed it on their tax forms as drug money received as a gift from the woman Ted had an illicit affair with while she was working as the accountant for the firm.
     
  18. DevdogAZ

    DevdogAZ Give 'em Hell, Devils

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    I think you're missing the point. All he's saying is that Skylar giving Ted a bunch of cash to pay his back taxes and penalties is likely to cause as many, if not more, complications than already exist. You're welcome to doubt that fact and live in your own dream world, but in the real world, you can't give $600k in cash to the IRS without being able to show where it came from. You also can't deposit that kind of cash into a bank without it raising red flags.

    My limited understanding is that any cash transaction over $10,000 has to be reported. But you can't make a whole bunch of transactions of less than $10k in order to avoid the reporting requirement, because that raises red flags too.
     
  19. Bierboy

    Bierboy Seasoned gas passer

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    For all intents and purposes, it's now reported. The fed now "knows" that Skyler "forgot" or "failed" to document it, but the amount is now known by the fed.

    And, by the way, fictional teevee IS a dream world...that's why I'm not as anal as you guys seem to be about this whole issue. I prefer not to let this kind of stuff ruin my enjoyment of fictional, but yet, tremendous television programming...
     
  20. john4200

    john4200 Well-Known Member

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    No, that is a different stream of income that Skylar was talking about. That was legitimate business income that did not get reported. But they can go back and document where it came from without much difficulty.

    The cash would be new income, and there is no paper trail to document where it came from.
     

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