Reply to post: Re: I hope...

The Italian Jobs: Bloke thrown in the cooler for touting Apple knockoffs

ZenCoder

Re: I hope...

"law abiding people aren't worried about the feds knowing, or even aware of the $10,000 line."

Law abiding businesses that handle cash have every reason to worry, because if the IRS decides your cash deposits look suspicious they can and will seize your assets without any warning or due process and they can and will maintain a death grip on those assets without filing legal charges.

Here is one of the more recent cases, but you could easily identify hundreds more.

http://www.foxbusiness.com/politics/2017/07/10/irs-shuts-down-mom-and-pop-dress-shop-sells-entire-inventory-within-hours.html

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