Will IRS be notified of my intra bank transfers?

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You might find this an option to explore:

Currency transaction reports are only required for cash transactions over $10,000. Check payments or transfers among accounts are not cash and are not included. Even if they did, CTR's are not reported to local housing or Medicaid authorities.

Whether the account is considered to be yours or hers depends on how it was titled and set up.

Regarding the "authorized signer" option, it would have been nice if the bank had mentioned this to me, but they did not and now it's too late. Once a person is on the account they cannot be removed unless they die or I close the account, which would be a colossal pain in the &**!.

Thanks

Check with the bank. As a person on the account (especially if it's a joint tenancy account) you have the right to withdraw all the money, and open an other account with it in your name alone. If a banker won't let you do that, talk to a supervisor.

my daughter's. The ONLY reason she is on the account is so she can access money for me if something happens to me and I'm not capable of paying my own bills.

months ago. Will this end up being reported to the IRS? If so, will her name be on the report?

has Medicaid.

You did not articulate the concern, but let me try to make you aware of the real problem with this arrangement. Say that your daughter is joint tenant on your checking account. I understand exactly why you might want to do that as a way to avoid probate costs when you die or to allow her to help you if you get sick. But let's speculate that - at some future time - she fails to pay a tax bill and the state she lives in does a legal filing to seize the money. The state absolutely will see that she "owns" this money in your account. And they will seize it without a second of hesitation. They won't care that the money was actually yours. They won't care that this account was structured to avoid probate. From the point of view of the law, you both own that money equally, and all of that money can be used to satisfy her debts in a collection attempt. This same logic would also apply if she gets sued by someone.

There is no chance you will make this account invisible to your state, if the bank has offices that are within your state. In the modern age, there is no privacy. Give up on that illusion.

What *might* work for your case is to open up a bank account in a different state of the country *that has no offices in the state where your daughter files*. In that case, the state where the tax claim is made may not even have access to information about the out of state account. And - if they did find the money - they cannot as easily seize it without going through additional due process in the court of a different state, which might not even recognize their jurisdiction. Does the state want to hire an out of state attorney to collect a small tax bill? Maybe yes and maybe no.

Note that the above is NOT the same as opening up an account with a national bank in another state! For example, say your daughter pays taxes in California and opens up a Citibank account with you in Texas. California will see the money and simply show up at a local California Citibank office with a legal order and demand payment. The California office of Citibank will - without hesitation or advance notification to you - simply transfer the money, per the terms of the court order, from your Texas account. So if you are protecting her from California creditors, you must make sure that the bank has *ZERO* presence in the state of California.

Isn't the law wonderful?