I have never made a deposit of over $10k. By your logic, the IRS should legitimately be able to come and seize anything and everything that I own, basically. Do you see a hole in your logic here? Even a little one?
No - not by my logic...from this point on - go in and make even amount deposits...no deposits like $3,321.54 or $8,477.03 from one week to another...start making deposits like $7,500 one week - then in two days make another deposit like $9,500 - and keep that pattern up with even amounts...and see how long it takes for the IRS and banking employees to take notice on structuring payments.
I was just part of a large banks anti-money laundering/counter terrorism financing program set-up - these bank employees aren’t smart and the “system” and “software” they use will FLAG your activity and a SAR will be issued and the govt will be invited into your life.
I’m not saying this is right or wrong - it is the way it is - and the govt doesn’t trust its own Citizens and have put in place other mechanisms to expose criminal behavior. Do innocent people get caught up in this - YES! - But if you don’t understand the scenario I’ve just laid out - apparently you don’t make large deposits under 10K or have ever been informed by your bank about structuring payments. Might want to get another bank if so. I don’t have holes in my logic - I just state what I’ve been exposed to and saw the results of basically average people getting wasted by the IRS and having their lives turned up side down for doing something they had no idea they were doing and having some agent sit across from them looking to make a name for his under rated ego and unknown reputation...so - please go ahead - and don’t follow my logic...and see if you can slip through the holes!