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Merlo
Merlo, Accountant
Category: Tax
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Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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If I deposit 100k check into my bank account, does the bank

Resolved Question:

If I deposit 100k check into my bank account, does the bank notify the irs?
Submitted: 7 years ago.
Category: Tax
Expert:  Merlo replied 7 years ago.

Hello ak,

 

No, the IRS only gets notified if you make a CASH deposit of $10,000 or more in any one transaction. Checks of any amount never get reported.

 

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Thank you ak

 

 

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