I need to get some of my money out of my bank, but I want to keep the IRS out of the deal.

Suggestions?

-- susie Q (susieQ@aol.com), January 13, 2001

Answers

Here ya go, Susie Q...

http://www.fdic.gov/regulations/safety/manual/98FINREC.htm

Currency Transaction Reports

A financial institution within the United States generally must file a Currency Transaction Report (CTR) Internal Revenue Service (IRS) Form 4789, for each transaction in currency over $10,000. Multiple currency transactions shall be treated as a single transaction if the financial institution has knowledge that they are by or on behalf of any person and result in either cash in or cash out totaling more than $10,000 during any one business day. In certain cases, transactions spread over a number of days may also constitute a reportable transaction. See "Structured Transactions" for details.

A transaction in currency is any transaction involving the physical transfer of currency from one person to another and covers deposits, withdrawals, exchanges or transfers of currency or other payments. Currency is defined as currency and coin of the United States or any other country as long as it is customarily accepted as money in the country of issue.

-- CD (costavike@hotmail.com), January 13, 2001.

$9,999.99

-- (susie q's @re. fun to eat), January 13, 2001.

May as well snag that extra penny and make it an even 10 grand...

...for each transaction in currency over $10,000

-- CD (costavike@hotmail.com), January 13, 2001.

Waht are you buying, susie?

-- Bemused (and_amazed@you.people), January 13, 2001.

Do it legally and pay your taxes. (You are broke because you spent too much money on Y2K, huh?)

-- I hope (you didn't steal@someone's aol .address), January 13, 2001.

"I hope",

(You are broke because you spent too much money on Y2K, huh?)

She said she was WITHDRAWING money, dingo. Someone WITHDRAWING over 10k isn't usually someone who is flat broke.

Frank

-- Someone (ChimingIn@twocents.cam), January 15, 2001.

You know what I noticed? That only men so far had responded to Susie Q's question.

Could it be cuz she is a female and has cash?

Enquiring mind wanna know, eh?

hheee heee

-- sumer (shh@aol.con), January 15, 2001.

Very perceptive, sumer. I can't speak for the others but I know the only reason I responded to Suzie Q's question was because she is a female and has cash. I'm hoping she'll appreciate my assistance so much that she'll mail me a thank you card containing a hefty chunk of that cash she'll soon be withdrawing. I'm also holding out hope that she's a beautiful and charming single young lady who coincidently lives on my street and who, upon learning that I am the same "CD" who responded to her on this forum, falls madly in lust with me.

Wish me luck, sumer.

-- CD (costavike@hotmail.com), January 15, 2001.

Heee!!!

Good Luck CD, if ANY man deserves a woman/w/cash, babe its GOT to be you!!!

-- sumer (shh@aol.con), January 17, 2001.