HEAT Listed

[Bassbob]

Generally anything over $10,000 raises flags

Maybe 10 years ago. These days 10k is nothing.

 

[BobM]

Maybe 10 years ago. These days 10k is nothing.

Yes and no. I should have specified cash.
$10 grand isn't much for many things like vehicles, homes or whatever now days. Barely dents surface, but any amount over $10 grand in cash is flagged by banks for example.

Form 8300 and Reporting Cash Payments of Over $10,000 | Internal Revenue Service

Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300.

www.irs.gov

Bank Secrecy Act - The $10,000 Rule

This article will focus on the $10,000 Rule for reporting cash transactions under the Bank Secrecy Act.

blog.fraudfighter.com