Re: OT: Possibly real version of the cash-out curse - IRS
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I think it's because banks have to contact the irs on all deposits >10k by depositing $9900 they don't have to. I only know this because of the Sopranos.
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Banks are also required to notify the IRS of any activity that looks like an attempt to get around that regulation, like repeated deposits of $9000+.
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