Do Banks Report Large Deposits to the IRS?

Answer

Banks do not report any deposits to the Irs. They are only required to report on any transaction that is over £6423.54 ($10,000) cash to the Irs. This consists of cash brought into the bank otherwise taken out.
Q&A Related to "Do Banks Report Large Deposits to the IRS"
Reporting large cash deposits to the IRS isn't an option for banks and financial institutions; it is required by law. Banks must file a Suspicious Activity Report (SAR) for every
http://www.ehow.com/info_8082384_deposits-reported...
It was $7,000 in the year 2000. Not sure if it has changed since then.
http://wiki.answers.com/Q/What+is+the+maximum+amou...
http://www.chacha.com/question/what-is-the-minimum...
You would be taking a big risk in doing this - income tax evasion carries. stiff penalties, fines and jail time and not worth the tax evasion. All large sums of money and even smaller
http://answers.yahoo.com/question/index?qid=201001...
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