[JD86]

I have not looked at the law lately...but from memory, I think the cash purchases were cumulative for a day. I may be wrong. I know in financial transactions they look at a day and also a pattern...like pcl pointed out of daily transactions of cash that are just under the $10,000 threshold but are not warranted for the type of business or are out of the ordinary. If someone else knows for sure, please post.

[JD86]

If anyone comes on and gives an explanation why they think this law violates the 4th Amendment, please ping me. Thanks.

[robnoel]

Allow me to set you and all others straight ...the $10,000.00 reporting requirment means anything the US Treasury deems as cash....ie...bank checks (not drawn on your bank) money orders,cash,gold,silver pre 64 US coins the only thing not classified as cash is a personal check...it has your name on it! As a business owner I am required to keep all cash transactions on the books for a full calender year from date of purchase if the client exceeds $10,000.00 in purchases using anything but a personal check it becomes reportable Who Must File Form 8300?