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Started By
Message
2
Posted on 3/12/16 at 8:24 pm to rattlebucket
quote:
Take out $9,999 and then a seperate amount and you'll be fine.
That's called structuring and can land you in federal pound you in the arse prison.
Read the Wikipedia entry on currency transaction report.
Posted on 3/12/16 at 8:24 pm to djangochained
quote:
I'll let you borrow 10k with 5% interest if paid by Monday, after that it goes up
In BR
For being this big baller you act like on here it seems like you would realize putting out $10K (to a stranger) to only make a 5% return is insanity.
Posted on 3/12/16 at 8:24 pm to Haplochrom
quote:
Never heard of the form. I didn't have to the last two times I did it. Is this recent?
Last time I pulled that much out was early 2014.
Law is designed to track large withdrawals and deposits primarily due to the illegal drug business. Your bank should have had you fill out the form or they may have had it incorporated in your withdrawal form. Whatever you signed when you withdrew probably covered the requirement. The law has been in effect for quite a while now. Banks are required to report the withdrawal so I don't know if your sig is actually required.
This post was edited on 3/12/16 at 8:35 pm
Posted on 3/12/16 at 8:26 pm to Twenty 49
quote:
Twenty 49
Someones sarcasm meter is broken.
Aced that teller exam I see, however.
Posted on 3/12/16 at 8:30 pm to BabyTac
quote:
Is there a way to make a large cash withdrawal?
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.
Posted on 3/12/16 at 8:32 pm to rattlebucket
I got that you were tongue in cheek. Just making sure some dumbass didn't try it.
Posted on 3/12/16 at 8:40 pm to BabyTac
Tell your bookie they have to wait until Monday.
Posted on 3/12/16 at 8:41 pm to BabyTac
I can loan it to you for 47% interest
Posted on 3/12/16 at 9:21 pm to rattlebucket
quote:
Take out $9,999 and then a seperate amount and you'll be fine.
We've got ourselves a criminal mastermind here. No way the feds would ever be able to figure that out.
EDIT: Also, what legitimate transaction needs 10k in cash and can't wait a day and a half until the banks open? OP, are you up to no good?
This post was edited on 3/12/16 at 9:25 pm
Posted on 3/12/16 at 9:27 pm to NYNolaguy1
I had to go through TSA with a large sum of cash one time. It was for a legitimate reason, but I was so nervous about a crooked official.
Posted on 3/12/16 at 9:30 pm to whiskeyjohn
It's any amount OVER 10K not 10K.
Posted on 3/12/16 at 9:36 pm to BottomlandBrew
quote:
I had to go through TSA with a large sum of cash one time. It was for a legitimate reason, but I was so nervous about a crooked official.
Fricking cops use forfeiture laws all the time to seize a few thousand bucks that people have in their car, with no evidence of drugs whatever.
When the forfeiture laws were broadened in the late 80s and early 90s, the cops and DAs said trust us. Only pussy liberals and hippies opposed the law and order measures. The cops have since abused the frick out of that trust. The hippies were right that time.
Posted on 3/12/16 at 9:38 pm to BabyTac
OP does not have l0k
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
Posted on 3/12/16 at 9:53 pm to stout
I'll give you a grand to blow me
Posted on 3/12/16 at 10:08 pm to ksayetiger
quote:
just go to where matt damon went in Rounders
Posted on 3/12/16 at 10:13 pm to Charlie Arglist
Sure, but it involves a ski mask, some firepower, a getaway driver, and a damn good alibi
Posted on 3/12/16 at 10:13 pm to Charlie Arglist
Sure, but it involves a ski mask, some firepower, a getaway driver, and a damn good alibi
Posted on 3/12/16 at 10:16 pm to tigerbutt
quote:
It's any amount OVER 10K not 10K.
I thought that was understood.
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