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Old 10-16-2007, 06:39 PM
ZPinhead ZPinhead is offline
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Join Date: Dec 2004
Location: SeattlePoker.net
Posts: 351
Default Re: Biggest check you can get that banks don\'t report to IRS?

The reason that the $10,000 cash deposit reporting is in place it because there is no paper trail with cash, they can't track down where it came from. A check deposited in your account can be traced to it's source. It's more for trying to identify 'illegal' sources of income and the associated criminal activity than to let anyone know how much money you're making. That comes later with an IRS audit...
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