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ABC News: Spitzer, Not the Prostitution Ring, Was the Subject of Investigation | 70 comments (70 topical)

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The regs: (none / 0) (#34)
by Peter G on Mon Mar 10, 2008 at 08:39:38 PM EST
All your links are for statutes, TL.  The regs are here.  A "suspicious transaction" is defined in the regs, and can be for as little as $5000, even though the reporting threshold is "more than" $10,000 (i.e., contrary to common belief, a cash transaction of exactly $10,000 is not reportable to IRS.  Banks are required to file reports on "suspicious" transactions, as defined.  Others, such as retailers, car dealers, professionals, etc., are merely encouraged to do so.

[ Parent ]
thanks Peter (none / 0) (#36)
by Jeralyn on Mon Mar 10, 2008 at 08:41:31 PM EST
appreciate the regs links. I'm typing too fast.

[ Parent ]

ABC News: Spitzer, Not the Prostitution Ring, Was the Subject of Investigation | 70 comments (70 topical)

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