Criminal Law Questions? Ask a Criminal Lawyer.
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Are you posting 10% of the $55K or are you paying $55K total for the bail?
Most jurisdictions require that an individual who posts a cash bail in the amount of $10,000 or more for someone, must complete an IRS Form 8300 at the time of the transactions. The person posting the bail must present a valid picture ID. So if the bail amount is $10,000 or more a 8300 form must be completed and will be filed with the IRS. I hope this helps.
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