Do deposits to your bank under $5,000, be it cash or money transfer online, get reported to the IRS?

Answer 1

The person who says 11,000 is wrong because it is against the law not to report any cash over 10,000 in deposits OR withdrawals. (Bank Secrecy Act)
If you continually make 5000 deposits, the bank could file a suspicious activity report if they have reason to believe you are laundering money.
If you get traveler's checks or official checks (cashier's checks) with 3000 or more in cash, that is recorded as well.

Some people try to get around it (which looks even more suspicious) by depositing or withdrawing, say, 9000 at a time. This can be reported if the bank sees fit.
Money transfers online do not involve physical cash, so they aren't reported. Same goes for writing a check from one acct and depositing it into another.

Answer 2

usually the rule of thumb is that anything over 10,000 gets reported. anything under that is assumed to be payroll or whatever. not too many people make over 10k per paycheck. also any combination of transactions during one business day that exceed 10k are also reported.

Answer 3

all banking transactions are available to the IRS
if your activity seems suspect the bank will notify DEA and or Home land Security

Answer 4

Usually not $10,000 and over is reported unless there is suspicious activity

Answer 5

No. We only report transactions over $11,000

Answer 6

The gift ceiling is 10,000 dollars so, NO.

Answer 7

No.

Over $10,000 does.

Answer 8

10,000, but if you have several just under 10K, you will get hammered too

Answer 9

no

Answer 10

should not.