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Old 10-11-2006, 05:29 AM
Unabridged Unabridged is offline
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Join Date: Jun 2005
Posts: 968
Default Re: Neteller and the IRS

$10,000 is not the reporting limit for banks, it is $3,000
one check a week, keep it comfortably below $3000 (not $2950, anything close is reported the same as $3000)

directly from IRS manual:
4.26.5.6 (01-01-2003)
Recordkeeping
6. A record of money transfers of $3,000 or more (regardless of the amount of currency involved) must be made and retained. 31 C.F.R. 103.33.
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