Re: Biggest check you can get that banks don\'t report to IRS?
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Splitting up checks to avoid this is also a no-no if I remember correctly.
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It is called structuring and carries with it some serous penalties;
d) Criminal Penalty.—
(1) In general.— Whoever violates this section shall be fined in accordance with title 18, United States Code, imprisoned for not more than 5 years, or both.
(2) Enhanced penalty for aggravated cases.— Whoever violates this section while violating another law of the United States or as part of a pattern of any illegal activity involving more than $100,000 in a 12-month period shall be fined twice the amount provided in subsection [……], United States Code, imprisoned for not more than 10 years, or both.
So if the figure poker is an illegal activity you may face some serious jail time.
enjoy!
Chris
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