I received eight thousand ($80k) dollars for someone that didn't have an account in the states and now I don't know how much taxes I'll be charged!

[xpro]

 Should I put some documents in place ?should I make a contract ?should I create   a loan doc or something like that ?what documentation should I ask for in order to not be held accountable for that? 

[VolvoGirl]

$80,000 or $8,000?  Eight thousand or Eighty thousand?

[Lisa995]

received FOR someone?   For what?  From whom?  How did you receive it?

[rjs]

What are you supposed to do with the money? Is it already in your bank account? This sounds like a scam. Don't touch the money for a month. The deposit may turn out to be bogus, and the bank will take the money back. If you have already taken it out of your account when they find out the deposit was no good, the bank will come after you for the money.

[xpro]

80k and it was in my bank and the person asked me to pay all his fees with my account now the funds are gone but I don't know if and how I should say that was for

[VolvoGirl]

What fees did you pay?  How long ago was this?  Did the initial deposit clear?  If the 80k deposit was fake you will have a big problem.

[VolvoGirl]

Oh I just noticed your username xport LLC.  Is this a business transaction?  If you received it as income and you can deduct the fees it might be a wash and only the profit is taxable.

[xpro]

Hi I just read your reply. No it was personal i was just receiving it for someone who asked me to pay all fees from my same account so it looks like I used up the whole 80k

[VolvoGirl]

Hope it all works out and isn't a scram.  But that's how a major scam works.

[xmasbaby0]

This smells really bad.  You are supposed to be paying someone else's "fees" with this money out of YOUR account?  And then what happens to you when it turns out his deposit was no good and you are holding the bag for the "fees?"

[xpro]

The funds were good all cleared but now I'm just worried about my taxes and what I'd owe since it was all out of my account

[xpro]

His fees were things like taking out cash and paying hotel and restaurants and things like that

[xpro]

This was months ago

[xpro]

He signed a contract with an investor who fronted funds up and deposited into my account for a business they were conducting that hasn't closed yet
But the funds were sent to me and I used it as per instructed by the guy. So now I'm just wondering how should I declare or what ...

[fanfare]

you make a good money launderer.