On Wed 06 Feb 2019 at 19:15:48 (-0600), John Hasler wrote: > Gene writes: > > I have had to write 2 checks for the last 2 vehicles I've > > bought. Writing a single check for close to $20k for a good used > > car/truck doesn't fly, some sort of a rule that 10k and over has to be > > reported so the irs can watch for laundering, so I write one for $9999 > > one day, and the balance the next day. As long as the account is good > > for it, what business is it I buy a new truck to replace a 20 yo rust > > bucket that getting dangerous to drive. > > People have been prosecuted for evading the controls in that way. The > government doesn't need to prove that any other illegal activity was > involved or intended: evading the reporting requirements is a crime in > itself.
Isn't it the payee who's evading the reporting requirement? So a payer might try pleading ignorance as to why the payee asked for two cheques. Cheers, David.
