Yeah federal law requires all banks to report any transaction over $10k, but that doesnt necessarily make the person a suspicious person. It just means the government wants a paper trail of the transaction "just in case".
Yeah federal law requires all banks to report any transaction over $10k, but that doesnt necessarily make the person a suspicious person. It just means the government wants a paper trail of the transaction "just in case".
People who deal in large sums of green are hicks. They create more work, than is necessary, but they do this for a reason. People who pay with that kind of cash, are probably not operating within the law. IRS form 8300
If they would have bought and given you an $18k cashiers check, they would have been reported under the rule that businesses must file a form 8300 on anyone who gives $10,000 or more in cash. Most banks file these on lower amounts, if your aggregate deposits in a 30 day time period, meet, or exceed $10,000.
I know my sh1t about this, trust me.
If they would have bought and given you an $18k cashiers check, they would have been reported under the rule that businesses must file a form 8300 on anyone who gives $10,000 or more in cash. Most banks file these on lower amounts, if your aggregate deposits in a 30 day time period, meet, or exceed $10,000.
I know my sh1t about this, trust me.
rhino56
Platinum Member
- Oct 6, 2004
- 2,325
- 1
- 0
every 20.00 bill i ever get i wipe my scent on it, that way when i get another i smell it to see if it has made it full circle yet. it wont wash off either so dont even try it. so far in my life only 2 have come back to me.
this may sound strange or different to you but ive always been a little different then most anyways.
ME
this may sound strange or different to you but ive always been a little different then most anyways.
ME
thats what certified checks are for. you go with the buyer to the bank, have the teller cut a certified check on his account which basically writes the check directly from his bank after his bank takes his money first.
ive had a couple grand on me from selling a car before, but more often than not ive gone to the bank to get a check.
Phokus
Lifer
- Nov 20, 1999
- 22,994
- 779
- 126
18k? pssst grab a shoe box.
In the 90's I used to lend much more than that in CASH to truck drivers that were hard up for cash. Most repaid with substantial interest and surprisingly the ones that didn't were friends of mine.
Thank goodness for those shares of yahoo!.
In the 90's I used to lend much more than that in CASH to truck drivers that were hard up for cash. Most repaid with substantial interest and surprisingly the ones that didn't were friends of mine.
Thank goodness for those shares of yahoo!.
Originally posted by: Maiora
18k? pssst grab a shoe box.
In the 90's I used to lend much more than that in CASH to truck drivers that were hard up for cash. Most repaid with substantial interest and surprisingly the ones that didn't were friends of mine.
Thank goodness for those shares of yahoo!.
Did you bust their knee caps with a hammer?
I made a deposit of around 7k once. I had the cash divided between pockets and a wad or two in my socks
You friend should have taken the 18k in rolls of quarters, wrapped each one in a plastic bag, swallowed them, and transport them internally for maximum security. The retrieval is a bit messy, but thats the price for piece of mind.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 22K
-
News NVIDIA and Intel to Develop AI Infrastructure and Personal Computing Products- Started by poke01
- Replies: 384
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
Facebook
Twitter