New Hampshire Lawmaker Says State Liquor Commission Aiding Cross-Border 'Money Laundering' [View all]

In New England, New Hampshire is well known for tax-free liquor sales, which makes the Granite State a popular destination for out-of-staters looking to stock up on alcohol.

State-run liquor outlets dot highways near the state's borders.

But now, a politician is accusing the New Hampshire State Liquor Commission, which regulates alcohol sales, of skirting federal law.

With few exceptions, the IRS requires businesses to document when someone spends more than $10,000 in cash on a single purchase. State liquor rules also require employees to fill out this IRS documentation anytime someone is “purchasing a volume of product totaling $10,000 or more in cash, either through one or multiple related transactions.”

New Hampshire Executive Councilor Andru Volinsky alleges the agency is turning a blind eye to illegal cash transactions involving out-of-state purchasers. Volinsky claims the commission may be allowing bulk liquor buyers to evade IRS reporting requirements, or steering staffers away from documenting smaller purchases that are, in fact, part of larger buying sprees.

Read more: http://ripr.org/post/nh-lawmaker-says-state-liquor-commission-aiding-cross-border-money-laundering#stream/0