2007-11-27 02:41:13 · 19 answers · asked by jamal c 1 in Business & Finance ➔ Personal Finance
I am not sure but I know that if you take more than $10,000 out you have to pay taxes on it.
2007-11-27 02:44:36 · answer #1 · answered by ? 3 · 0⤊ 1⤋
that depends on which banks at which countries and what is your record with the banks. If you have records of making huge deposit into the bank then there should not be any problems.
Usually banks do not bother to share to other people on how much money you put into the account, they only start bothering if the money looks suspicious. If you are running a good business and earning huge amount of money the bank will be glad to keep it for you.
2007-11-27 02:45:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Its amazing how many people who don't have a clue about what the answer to a question is will just make something up.
The lady who says she works for bank has given the correct answer.
Up to $9,999.99 its not reported. $10,000.00 or more is reported. Multiple deposits on the same day are added up and if they total more than $9,999.99 it gets reported.
Pastor Art
2007-11-27 02:54:23 · answer #3 · answered by Anonymous · 2⤊ 0⤋
You can't go a penny over $9,999.00--once you hit the $10K mark, the bank automatically reports it to the IRS. And you can make several deposits like that without it getting reported. Just don't go over the $9,999.00 mark
2007-11-27 02:46:04 · answer #4 · answered by missdragontat 3 · 0⤊ 0⤋
you can deposit any amount you want - and you don't have to tell the government anything. The bank on the other hand has to disclose transactions of over $10G's.
2007-11-27 02:44:10 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Cash deposits over 1000 dollars get reported for individuals for businesses its 10000.
2007-11-27 02:44:31 · answer #6 · answered by Anonymous · 0⤊ 1⤋
They have to report a deposit of $10,000 or more. Or any multiple deposits made during the day into one account that total $10,000 (or more). They report it to the Federal Government.
2007-11-27 02:44:00 · answer #7 · answered by makeloans2 7 · 1⤊ 0⤋
The IRS knows all. Even if you try to split the money up into several different accounts at different bank branches, big brother is always watching. Orwell was just a few years off, man. : )
2007-11-27 02:46:32 · answer #8 · answered by HarleyD 3 · 0⤊ 0⤋
May change from bank to bank but I know my last bank was $10,000.....Dont sell drugs lol and use a bank, buy a safe house
2007-11-27 02:45:29 · answer #9 · answered by ezmoney83 1 · 0⤊ 0⤋
$9999.99. If you hit $10,000 or more you get reported. It doesn't hurt you in anyway if you get reported unless you are behind with the IRS or any other liablity
2007-11-27 02:49:06 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Used to be $10,000 dollars. Don't know how much now.
2007-11-27 02:43:50 · answer #11 · answered by Anonymous · 0⤊ 0⤋