How much cash can I deposit before the government will get 'interested'?

I had been saving cash for a rainy day, and would like to deposit it. However, I don't feel like paying taxes on it again. I know that there's a certain amount that banks have to report.

How much cash can I deposit before the government will get 'interested'?
According to this site, "The BSA requires banks to maintain records of funds transfer in amounts of $3,000 and above."





So, if you deposit like $2500 or something, you should be fine. Just don't deposit like $2999, or that'll REALLY set them off (I think they call that "smurfing" and they look out for it.)
Reply:There are tax free investment stratigies you can do. Report Abuse

Reply:Banks are required to REPORT cash transactions over $10,000 under the BSA. Banks keep records of all transactions, regardless of dollar amount.





If you've already paid taxes on your money, you won't have to pay taxes on it again, regardless of how much cash you've accumulated. Report Abuse

Reply:I'm almost positive the amount they get interested in is $5000.00, but if I were you I'd put it in $1000.00 at a time, and then spread it around through different branches.

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