- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is there a way to make a large cash withdrawal?
Posted on 3/12/16 at 9:38 pm to NYNolaguy1
Posted on 3/12/16 at 9:38 pm to NYNolaguy1
quote:
Um stop posting. You having 10k in cash makes you a huge target to law enforcement. If you are pulled over say bye bye to the cash.
That's just the local cops. If you pull out just under 10k, the IRS can seize your house under 'structuring laws', if they think you're evading paperwork required under financial disclosure laws.
I'd delete this thread if I were you.
So much fail in one post, it's not illegal to have cash on you in any amount.
Second, it's not illegal to withdrawal $9,999. It's just reported like every other 10k+ withdrawal. Now systematically doing something like that will draw scrutiny, but if your affairs are in order, no problem.
This post was edited on 3/12/16 at 9:39 pm
2
Posted on 3/12/16 at 10:21 pm to Seeing Grey
quote:
quote:
Um stop posting. You having 10k in cash makes you a huge target to law enforcement. If you are pulled over say bye bye to the cash.
That's just the local cops. If you pull out just under 10k, the IRS can seize your house under 'structuring laws', if they think you're evading paperwork required under financial disclosure laws.
I'd delete this thread if I were you.
____________________________________
So much fail in one post, it's not illegal to have cash on you in any amount.
Second, it's not illegal to withdrawal $9,999. It's just reported like every other 10k+ withdrawal. Now systematically doing something like that will draw scrutiny, but if your affairs are in order, no problem.
He didn't say it was illegal ... Clearly stated it makes one a target of le, which is true ... Followed by forfeiture, which has been used to bypass any silly constitutional restrictions on seizure of cash ...
Posted on 3/13/16 at 7:46 am to Seeing Grey
quote:
So much fail in one post, it's not illegal to have cash on you in any amount.
Second, it's not illegal to withdrawal $9,999. It's just reported like every other 10k+ withdrawal. Now systematically doing something like that will draw scrutiny, but if your affairs are in order, no problem.
Do me a favor. Google civil asset forfeiture. Come back once you know what you're talking about.
You don't even have to be charged to have your cash seized. Having LE simply think you could be up to no good is the standard. Having that amount in cash certainly raises red flags.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News