It's now much lower. $2000 was the 'recommended' limit about 10 years ago, but nervous banks, to cover their behinds, report just about everybody.
Please be careful. I had a friend years ago who bought and sold boats and trucks in cash; some crumb he nodded to at a party, hoping to avoid a probate violation, snitched to the cops that 'thi…
It's now much lower. $2000 was the 'recommended' limit about 10 years ago, but nervous banks, to cover their behinds, report just about everybody.
Please be careful. I had a friend years ago who bought and sold boats and trucks in cash; some crumb he nodded to at a party, hoping to avoid a probate violation, snitched to the cops that 'this guy over here' had loads of cash, and the next week he had DEA smashing the sheetrock with sledgehammers in his house, looking for loot. (They took all the boats and trucks, too.) Went to prison for four years because the DA, looking right at him, swept his account books and floppys into the trashcan and said, "there's your f***ing evidence," despite his secretary and CPA's affadavits. Asset confiscation has become the #1 source of funding for cash-strapped budgets, since blacks and probationers don't pay the endless fines, warrants, and fees the local judges lay on them.
It's now much lower. $2000 was the 'recommended' limit about 10 years ago, but nervous banks, to cover their behinds, report just about everybody.
Please be careful. I had a friend years ago who bought and sold boats and trucks in cash; some crumb he nodded to at a party, hoping to avoid a probate violation, snitched to the cops that 'this guy over here' had loads of cash, and the next week he had DEA smashing the sheetrock with sledgehammers in his house, looking for loot. (They took all the boats and trucks, too.) Went to prison for four years because the DA, looking right at him, swept his account books and floppys into the trashcan and said, "there's your f***ing evidence," despite his secretary and CPA's affadavits. Asset confiscation has become the #1 source of funding for cash-strapped budgets, since blacks and probationers don't pay the endless fines, warrants, and fees the local judges lay on them.