>>they mail checks
And those checks are processed how?
>>Bitcoin and other online wallet schemes would be a big problem.
As previously note, the challenge would have to be addressed by whatever mechanism the IRS presently uses to track and tax that property.
>>So would prepaid credit cards
Redeemed, how?
Of course any instrument issued by a bank could be taxed on redemption.
Pre paid cards are by definition prepaid. So Jose buys some at walmart and mails them to Momma. How would an additional fee be assessed ?
On-line wallets would be highly problematic. There’s games, communitities, gambling etc. All with a wallet that can be loaded and unloaded. Servers off shore, funds withdrawn in a foreign country. Good luck with that. Now I don’t know how motivated the garden variety Illegal would be to trust such a scheme but it’s there.
They already mail money orders by the thousands which can be just as problematic as mailing cash so I’d expect plenty to opt for using Fed Ex to send cash.
And you can bet the farm La Raza will partner up with all sorts of immigrants rights outfits to set up other processes.
Keep in mind, if we see the kind of attrition we’d expect to see, similar to SP1070’s mass exodus, by the time Bank Regulators get their policy’s together, remittances may be not all that an attractive source.