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If I deposit 100k check into my bank account, does the bank

Customer Question
notify the irs?...
If I deposit 100k check into my bank account, does the bank notify the irs?
Submitted: 7 years ago.Category: Tax
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Answered in 1 minute by:
1/16/2010
Tax Professional: Merlo, Accountant replied 7 years ago
Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
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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.

 

If this was helpful please press the Accept button. Positive feedback is also appreciated.

 

Thank you ak

 

 

Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
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