Re: Ed Miller\'s Tax Article
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Banks are required to report suspicious activity to the Treasury Department. Some "suspicious activity" threshholds are known (for example, banks report cash transactions of over $20,000--edit: I'm not 100% sure the threshhold remains 20K).
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I worked for a bank about 6 months ago and IIRC the threshold was smaller but I'm not positive and it may have changed since then. Also, I'd like to add that the paperwork involved with reporting large transactions includes requesting information from the accountholder, including your occupation which will result in a hammering if you're not reporting gambling income and don't have a day job.
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