bank deposit amout reported to the goverment - GoFuckYourself.com

bigdog · 07-07-2005, 06:40 AM

what amount do you have to deposit where the bank has to inform the goverment is it 5k or 10k?

Serge Litehead · 07-07-2005, 06:44 AM

last i heard it was 10k

MWCren · 07-07-2005, 06:46 AM

only if its cash. 10k in cash deposited has to be reported.

Fred Quimby · 07-07-2005, 06:46 AM

10 K

plus anything suspicious $9,990

MichaelP · 07-07-2005, 06:47 AM

Better do 2 deposit of 5000 to 2 different banks

Digibucks · 07-07-2005, 07:08 AM

one option is to distribute your cash to different accounts or banks

Sosa · 07-07-2005, 07:14 AM

damn gov always looking out for you!

Drake · 07-07-2005, 07:15 AM

big brother sees all

EviLGuY · 07-07-2005, 07:19 AM

its 10k per 24 hrs up here. Even if split up into multiple deposits.

polish_aristocrat · 07-07-2005, 07:19 AM

Quote:

Originally Posted by Digibucks

one option is to distribute your cash to different accounts or banks

Kimmykim · 07-07-2005, 07:21 AM

In the US, there are two different reports -- Cash Transaction Report -- which is over 10k, and a Suspicious Activity Report - which is over 5k. Just read an article the other day about how banks are flooding the government with SARs out of fear of being accused of doing something wrong by not reporting anything that might be suspicious.

bigdog · 07-07-2005, 07:22 AM

does it matter if it's cash or checks totaling 10k?

slapass · 07-07-2005, 07:22 AM

Just a heads up bu if they gave you 10k, you are going to get a 1099 so the govt knows about it anyways.

Kimmykim · 07-07-2005, 07:23 AM

Quote:

Originally Posted by bigdog

does it matter if it's cash or checks totaling 10k?

I'm not entirely sure on that one -- cash for sure, cashiers checks I think as well, surely they don't count payroll checks? Sponsor checks I have no idea.

jimmyf · 07-07-2005, 07:38 AM

In the US, 10K and over for sure.

Then you have some banks that that will report 4K and above.

Also if you start making a lot of cash Dep's. they will report all of them, don't know what the cash amounts need to be.

Been this way for years and years.
Really depends on the bank.

azguy · 07-07-2005, 07:49 AM

3K is reported to the state, don't let anyone tell you otherwise

07-07-2005, 06:40 AM	#1
bigdog Confirmed User Join Date: Jul 2001 Posts: 6,964	bank deposit amout reported to the goverment what amount do you have to deposit where the bank has to inform the goverment is it 5k or 10k?

07-07-2005, 06:44 AM	#2
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	last i heard it was 10k __________________ SilverCrocodile.com Adult web design since '05

07-07-2005, 06:46 AM	#4
Fred Quimby Confirmed User Join Date: Jul 2004 Location: Long Island, NY Posts: 5,430	10 K plus anything suspicious $9,990 __________________

07-07-2005, 07:08 AM	#6
Digibucks Confirmed User Join Date: Mar 2004 Location: on the run from everyone i owe money Posts: 1,899	one option is to distribute your cash to different accounts or banks __________________ www.trafficoverdose.com. ICQ me 171848378

07-07-2005, 07:38 AM	#15
jimmyf OU812 Join Date: Feb 2001 Location: California Posts: 12,651	In the US, 10K and over for sure. Then you have some banks that that will report 4K and above. Also if you start making a lot of cash Dep's. they will report all of them, don't know what the cash amounts need to be. Been this way for years and years. Really depends on the bank. __________________ Epic CashEpic Cash works for me Solar Cash Paysite Plugin Gallery of the day freesites,POTD,Gallery generator with free hosting

07-07-2005, 06:46 AM	#3
MWCren Registered User Join Date: Mar 2005 Location: Upstate NY Posts: 4	only if its cash. 10k in cash deposited has to be reported.

07-07-2005, 06:47 AM	#5
MichaelP Registered User Industry Role: Join Date: Aug 2003 Location: QWEBEC Corporate Office Posts: 7,124	Better do 2 deposit of 5000 to 2 different banks

07-07-2005, 07:14 AM	#7
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	damn gov always looking out for you!

07-07-2005, 07:15 AM	#8
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	big brother sees all

07-07-2005, 07:19 AM	#9
EviLGuY So Fucking Banned Join Date: Apr 2003 Location: malta Posts: 12,745	its 10k per 24 hrs up here. Even if split up into multiple deposits.

07-07-2005, 07:21 AM	#11
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	In the US, there are two different reports -- Cash Transaction Report -- which is over 10k, and a Suspicious Activity Report - which is over 5k. Just read an article the other day about how banks are flooding the government with SARs out of fear of being accused of doing something wrong by not reporting anything that might be suspicious.

07-07-2005, 07:22 AM	#12
bigdog Confirmed User Join Date: Jul 2001 Posts: 6,964	does it matter if it's cash or checks totaling 10k?

07-07-2005, 07:22 AM	#13
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	Just a heads up bu if they gave you 10k, you are going to get a 1099 so the govt knows about it anyways.

07-07-2005, 07:49 AM	#16
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	3K is reported to the state, don't let anyone tell you otherwise