Topic: Reporting Requirements on Cash Deposits
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Answers to Common Questions
How to Report Cash Deposits
If a company receives cash for a reason, such as a sale, the company then deposits the amounts into a bank account. When the company receives the cash, the company must accurately record the transaction using a journal entry, then properly ... Read More »
Source: http://www.ehow.com/how_7509898_report-cash-deposits.html
When will a bank report a cash deposit?
A Bank will report a cash deposit under the following circumstances: a. If the amount deposited is huge (Usually over $5000 or more) b. If the funds are deposited from an overseas bank account c. Numerous deposits of small value (less than ... Read More »
Source: http://wiki.answers.com/Q/When_will_a_bank_report_a_cash_deposit
What is the limit of cash deposits before it is reported to the I...
officially it is $10,000.00 but if it is something out of the ordinary of a lower amount, they will report that as well Read More »
Source: http://wiki.answers.com/Q/What_is_the_limit_of_cash_deposits_befo...
More Common Questions
Answers to Other Common Questions
You cannot. All banks report large deposit transactions on its accounts. Banks have the right to ask you for the source of the funds that you are trying to deposit into your account (Usually only for large deposits or multiple small deposit...
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Source: http://wiki.answers.com/Q/How_do_you_deposit_cash_without_being_r...
20,000 if you spend or deposit or buy anything valued over 20,000 your red flagged, big bother will start to snoop around and determine whether or not the income is legit, if your paying your taxes and so forth. In most cases they do a comp...
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Source: http://wiki.answers.com/Q/How_much_cash_can_you_deposit_before_it...
Each bank may have a different valued "finder’s fee" depending on the worth ...
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Source: http://www.chacha.com/question/what-is-the-reporting-value-to-any...
CASH transactions of $10,000 (single transaction or aggregate transactions of $10k or more in a short period of time) or more are reported to the Treasury Department using Form FinCEN 104. There are no reporting requirements for non-cash tr...
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Source: http://answers.yahoo.com/question/index?qid=20081229212613AAPeXYA
They certainly should...providing you are already approved for the loan. I would hold it for less than that. If they dont want to I would find another dealer. Source(s): Car Dealer
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Source: http://answers.yahoo.com/question/index?qid=20120219152648AAIlgxa
Any banking transaction of $10,000 or above is automatically reported to the Treasury deparment. It can be a deposit, withdrawal or a transfer of funds between accounts. This isn't limited to banking transactions, by the way; any commercial...
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Source: http://answers.yahoo.com/question/index?qid=20070302082246AAfzKGk
Florida doesn't have a state income tax so there would be no withholding to worry about. You would just have to worry about the federal income taxes.
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Source: http://answers.yahoo.com/question/index?qid=20090604183426AArfoGh
