[Enchante]

The whole notion of “structuring” deposits as a crime is absolutely ludicrous!! That is a law which needs to be purged from our legal system forever.

Sure, if someone seems to be limiting the size of individual deposits, possibly to avoid reporting requirements, that may be a cause for “further investigation.” BUT, only evidence of actual CRIMINAL acts should matter at that point.

Depositing one’s own money, in any increments at all, should not be a crime. Only further evidence showing that the money is derived from any criminal acts should have anything to do with prosecuting or penalizing someone.

[Hot Tabasco]

Back in 2013 there was a small family owned market near me that was busted for the same thing and the feds seized $35K. Deposits just under $10K in a bank across the street from them.....

By insuring only 10K cash on hand against robbery reduced their insurance payments.

Fortunately for them, they enlisted the Institute for Justice and they won their case against the IRS.....

[jeffc]

The whole notion of “structuring” deposits as a crime is absolutely ludicrous!!

Agreed. It's like being pulled over for doing the speed limit, as it "seems suspicious when everyone else is doing 5-10 over".

[Terry Mross]

This why lots of Vietnamese I sold houses to over the years had “mattress money”.