Quote:
Originally Posted by nickcornilsen
What ever you do, don't carry large amounts of cash, until the civil asset forfeiture system is reformed. It's effectively a crime to carry large amounts of cash at the moment.
|
Not sure of every state's rule, but I'm sure it's pretty consistent across the board since it's an IRS rule. Don't deposit anything larger than $10k...well, $9,999. Otherwise, the IRS will come looking into your affairs. They'll know because it's the bank responsibility to report the deposit. If they don't , they get penalized and fined and may be charged with money laundering. So, they will report it.