$10000 limit on money market accounts

jeb9999 · Apr 23, 2009

Quote from Bob111:

do you have link?
i just withdraw 20K in cash from bank. now-if i want deposit those money back, i have to report?
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Known as CTR - Currency Transaction Report

http://www.irs.gov/compliance/enforcement/article/0,,id=113003,00.html

Bob111 · Apr 23, 2009

Quote from jeb9999:

Known as CTR - Currency Transaction Report

http://www.irs.gov/compliance/enforcement/article/0,,id=113003,00.html
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Thank you!

TraderZones · Apr 23, 2009

Quote from kxvid:

the bank told him the government limited deposits to 10k/ day.

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If true, I don't think this limit is a problem for most people!!!

texrex2002 · Apr 24, 2009

Quote from TGregg:

It's no big deal. The bank will either give you the form to fill out, or ask you the questions and fill it for you. Mostly just identification stuff (name, address, ss# etc) and a brief explanation of why for you either want this much cash or have this much cash.

One day I was going to buy my first new car, and the POS bank wanted to charge me for a cashier's check. So I said FY, give me 16k in ca$h. Only took a few minutes to get the form filled out.
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Just like in Russia back in the day...

big brother must track everything. god forbid people have a little privacy or liberty.

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$10000 limit on money market accounts

jeb9999

Bob111

TraderZones

texrex2002