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Video instructions and help with filling out and completing Why Form 8815 Prepaid

Instructions and Help about Why Form 8815 Prepaid

Prepaid Green Dot cards are a popular alternative for individuals who are hesitant to provide their credit card information online. These cards can be purchased with cash at various stores without any questions asked. They serve as a means to transfer money from one location to another. However, as demonstrated by local news anchor Deborah Dixon from local 12, these cards can also be a way for people to scam and rip off unsuspecting individuals. To understand this story, we must go back to 1949 during the polio epidemic. Thousands of children who were once active and healthy became crippled by the disease. John Parlin, a seven-year-old at the time, was one of these children. The disease deformed his arm and caused weakness in his right leg as a long-term effect. To strengthen his arm and leg, he needed a top-of-the-line new step cross trainer. The price tag for this exercise equipment was around $4,500, which was quite expensive. In 2004, John checked the price of this step cross trainer and discovered it was still the same. However, he stumbled upon a listing on Craigslist that offered the same equipment for only $1,250, described as slightly used. Despite feeling skeptical about the deal being too good to be true, he continued with the transaction. John corresponded with an individual named Miranda through email, who claimed to be associated with eBay. Miranda sent John an official-looking eBay document that stated payment must be sent using a money pack. The document also mentioned that Miranda had a deposit in an eBay account to protect against fraud. Although this made John slightly more at ease, he still had doubts about the legitimacy of the transaction. To pay for the new step and its delivery, John purchased three Green Dot cards. He scratched off the backs of the...