Do banks report large deposits to the IRS?

Answer

Banks in the United States are required to report cash deposits in excess of $10,000 to the IRS. The requirement pertains not only to one lump sum cash deposit in excess of $10,000 but also to two or more related deposits that total over $10,000.

Related transactions are those that occur within a 24-hour time period. In addition, if a bank reasonably believes that a series of cash deposits are related, even if they are made outside of the 24-hour time frame, the IRS reporting is triggered. The primary underlying purpose behind this reporting requirement is to combat illegal money laundering and related types of fraudulent conduct.

Reference:
Q&A Related to "Do banks report large deposits to the IRS?"
The original purpose of reporting requirements was to target money laundering. The scope was expanded in 1996 to include any activities deemed suspicious or fraudulent by a bank teller
http://www.ehow.com/about_4672449_transactions-do-...
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...
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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