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| Subject:
Notification to IRS when deposit made to bank account
Category: Business and Money > Accounting Asked by: shannon0324-ga List Price: $2.00 |
Posted:
27 Jun 2006 05:49 PDT
Expires: 27 Jul 2006 05:49 PDT Question ID: 741427 |
Is there any notification that is sent to the IRS when a deposit of more than $10,000.00 is put into a bank account? If so, what is the notification? If not, is there any amount that would require the bank to notify the IRS of a deposit? |
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| Subject:
Re: Notification to IRS when deposit made to bank account
From: research_help-ga on 27 Jun 2006 05:57 PDT |
I was a bank teller many years ago and we were required to fill out an IRS form any time someone had a cash transaction for over $10,000. This is cash only, and does not include checks. There were several ways for a customer to get around this, but we were not allowed, per the law, to suggest how a customer could get around this requirement. |
| Subject:
Re: Notification to IRS when deposit made to bank account
From: ubiquity-ga on 27 Jun 2006 16:51 PDT |
Yup$10k as per antimoneylaundering requirements. |
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