Hmmm... Wonder if those irs folks are lookin at me? I guess I didn’t know about these rules.
AS long as you've got your finances in order, it's really fun to play with the IRS. The last time I was shopping for a new car, I took the cash from my savings and broke it down into three 10K increments knowing they would report me. LOL The credit union cashier was hilarious. She took my request and went into the managers office. I could tell they were talking about me. I don't look like a criminal but they sure thought I was doing something illegal.
When my transaction was complete, I leaned up and whispered to her that I was going shopping for a new car and that cash gets you a much better deal. I knew they still had to report me, but I enjoyed knowing the IRS would be doing back flips when they were notified of my transaction. They couldn't do anything because I hadn't broken any laws. ;o)