I heard it is around 10K, is it still that? Also If I withdraw 5000 one day and 5000 the next will that cause suspicion? What is the maximum amount of money I can deposit at one time? Details or links giving me details will be much appreciated and will get you 10 points.|||Regardless of what u do a report can be filed!! Its considered whats know as "structuring" which basically means u are structing ur transactions to avoid a CTR (Currency Transaction Report) which is the $10K report ur referring too (its anything over $10K so $10,000.01 will qualify u for a CTR .... it doesnt matter $3K one day $5K one and $2K another day it doesnt matter how u do it another type of report can be filed .... theres no way around it ... but if u are legit with the funds and their source (where u got the money) dont worry its just routine the IRS will not come knocking on ur door lol ..... idk if u have problems with them that may be diffrent but if u dont owe them and have no other issues with them then no worries|||If you have already claimed the income and paid taxes you have nothing to worry about.
What you are referred to are cash withdrawals and deposits in excess of $10,000. And they are reported to the US Treasury if they are in excess of current regulations. The Treasury shares this information with the IRS.
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