Whats the most one can deposit into a bank account w/o...

[Taribor]

reporting what you deposited to the IRS?

Just curious....

Thanks as always guys.

QUOTE=disneysteve;143896]You could, just as you can make several trips to the bank with smaller deposits. It's another one of those stupid government regulations that make it look like they are increasing security even though the rules have a ton of loopholes and are easy to circumvent.[/QUOTE]

Not really.

It does increase security and the "loopholes" you think you are using by keeping transactions below $10k will just as easily generate what is called a Suspicous Activity Report (SAR), which your bank can generate for anything they deem suspicuous. And yes, if you decide to use a Swiss Bank Account, I can see that too.

Also keep in mind that purposely framing your transactions to avoid reporting requirements is known as "Structuring" and is against the law.
Additionally, once a person/entity is identified, it is not hard to subpoena bank records that show ALL transactions, to include copies of checks, deposits, etc... not just those hovering around the $10k mark.

Bottom line is a random individual depositing money will not generate any interest. The same individual trying to mask a $100,000 by depositing $9000 dollar checks and thinking they are outsmarting or circumventing the system, really is not.

Look up the Financial Crimes Enforcement Network (FINCEN) website for some pretty good information ...fincen.gov

[disneysteve]

Bottom line is a random individual depositing money will not generate any interest. The same individual trying to mask a $100,000 by depositing $9000 dollar checks and thinking they are outsmarting or circumventing the system, really is not.

That's really the point. If I happen to have one great day at the casino and leave with a 5-figure amount that I take to my bank, I don't think the FBI will be tapping my phone the next day. If, however, I come in day after day with a $9,000 cash deposit, somebody is going to figure out that something is fishy.

[krayziebone33]

This is a good thread. I was actually wondering the same thing myself at one point and thought that staggering the deposits was a good idea.