Originally Posted by sailpower
I'm pretty sure the bank does not have to notify the feds for check deposits.
It used to be only for cash greater than 10k.
Has that changed?
I think the ruling is for anything the bank finds 'suspicious' - which is activity not normally associated with the account holder. The Nest
has a nice write up on this. Also, I just read the IRS is using social media to help them identify assets taxpayers have that may trigger conditions for a successful audit