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Mel wrote,
>Any time $10,000 or more in cash is deposited or withdrawn from a
>financial institution in the United States, the teller enters the
>transaction as a 'Large Currency Transaction' and it is eventually
>transmitted to the IRS along with the persons name, the date, and his or
>her social security number.
Around here (Michigan) this is done at the $5,000.00 mark. Something to
think of when you sell or buy a vehicle..........
Jim Gilmore MVPA # 5843
Member Ist Michigan AOD Chapter MVPA
Great Lakes Chapter MVPA
Ohio Motor Pool Chapter MVPA
Red Ball Chapter MVPA
Ontario Military Vehicle Association
Midwest Military Vehicle Assocation
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2656 Wiethoff, Inkster, Mi. 48141
313-561-8826 voice 313-730-1652 fax
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This archive was generated by hypermail 2b29 : Tue Apr 04 2000 - 21:57:09 PDT