[CreditGuy]

Not a decline reason, but still a good one. I can't recall the exact amount, lets say it was $100k. The merchant called up obviously upset that the full amount didn't hit their account. We looked into it on our side and the wire went out correctly, but somehow only a portion of the proceeds hit their account. It was a pretty big delta. Let's call it $20k that hit their account. Turns out they had an open tax liability, but no lien filed so we didn't catch it in UW. The IRS intercepted the wire and took the outstanding liability and deposited the rest into the account.

[AndyYSCISOdept]

Not a decline reason, but still a good one. I can't recall the exact amount, lets say it was $100k. The merchant called up obviously upset that the full amount didn't hit their account. We looked into it on our side and the wire went out correctly, but somehow only a portion of the proceeds hit their account. It was a pretty big delta. Let's call it $20k that hit their account. Turns out they had an open tax liability, but no lien filed so we didn't catch it in UW. The IRS intercepted the wire and took the outstanding liability and deposited the rest into the account.

Stone Cold Killers them IRS boys!

[Sachip24]

Stone Cold Killers them IRS boys!

savages

[AndyYSCISOdept]

savages

I know....here's a quick story, my first year as a 1099 employee, I didn't have Corp set up...so I got my 1099 for 99,237 dollars...the IRS promptly told I owe the m37K in taxes. Obviously couldn't afford that so I went into an "auto debited" payment plan (they wont file a lien if they can auto debit your account) and I will be paid off this year after giving hem 53K in total If that aint gangster then WTF...John Gotti aint got nothing on the IRS. Shakedown.

[Sachip24]

I know....here's a quick story, my first year as a 1099 employee, I didn't have Corp set up...so I got my 1099 for 99,237 dollars...the IRS promptly told I owe the m37K in taxes. Obviously couldn't afford that so I went into an "auto debited" payment plan (they wont file a lien if they can auto debit your account) and I will be paid off this year after giving hem 53K in total If that aint gangster then WTF...John Gotti aint got nothing on the IRS. Shakedown.

good old Uncle Sam does not play when it comes to strongarming lol

[Chambo]

Not a decline reason, but still a good one. I can't recall the exact amount, lets say it was $100k. The merchant called up obviously upset that the full amount didn't hit their account. We looked into it on our side and the wire went out correctly, but somehow only a portion of the proceeds hit their account. It was a pretty big delta. Let's call it $20k that hit their account. Turns out they had an open tax liability, but no lien filed so we didn't catch it in UW. The IRS intercepted the wire and took the outstanding liability and deposited the rest into the account.

THIS IS EXACTLY WHY funding a merchant with an open tax lien is sheer lunacy

[FUNd]

Not a decline reason, but still a good one. I can't recall the exact amount, lets say it was $100k. The merchant called up obviously upset that the full amount didn't hit their account. We looked into it on our side and the wire went out correctly, but somehow only a portion of the proceeds hit their account. It was a pretty big delta. Let's call it $20k that hit their account. Turns out they had an open tax liability, but no lien filed so we didn't catch it in UW. The IRS intercepted the wire and took the outstanding liability and deposited the rest into the account.

Great way to put someone out of business while basically making the funder eat the tax lien through an almost certain default. Doesn't even seem legal to me.

[Michael I]

Not a decline reason, but still a good one. I can't recall the exact amount, lets say it was $100k. The merchant called up obviously upset that the full amount didn't hit their account. We looked into it on our side and the wire went out correctly, but somehow only a portion of the proceeds hit their account. It was a pretty big delta. Let's call it $20k that hit their account. Turns out they had an open tax liability, but no lien filed so we didn't catch it in UW. The IRS intercepted the wire and took the outstanding liability and deposited the rest into the account.

i had a merchant that had no liens on his business at all . All of a sudden all his accounts are levied and no money can go out . long story short , he was a 20% owner in another business that closed 7 years ago . the irs had a lien on the 80% owner . That guy moved to italy so they just hit my merchant with the lien . it took him months and thousands of dollars to get it off

[aredmond]

Not a decline reason, but still a good one. I can't recall the exact amount, lets say it was $100k. The merchant called up obviously upset that the full amount didn't hit their account. We looked into it on our side and the wire went out correctly, but somehow only a portion of the proceeds hit their account. It was a pretty big delta. Let's call it $20k that hit their account. Turns out they had an open tax liability, but no lien filed so we didn't catch it in UW. The IRS intercepted the wire and took the outstanding liability and deposited the rest into the account.

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How the IRS be after this deal went down lol