as long as each visit to bank less than 10K, you will not being report to
IRS.
The rule is for $10,000.00 in the same 24 hours.
By the way, the IRS does not have the right to audit any bank accounts.
To do that they need to get a Court Order and to do that they to give the
Judge at least a reason.
The IRS audits only your taxes and not your bank accounts.
Only if they find something wrong with your taxes they will start an
investigation.
The $10,000.00 is not a IRS thing. It's a NSA thing. (National Security
Agency) and a FBI thing and a CIA thing (Outside the United States of
America)
They are trying to locate all the drug dealers, terrorists, kidnappers,
hitmen and other dangerous criminals.
It's not wise to place your name on that black list.
The Report IRS form needs to be signed by the depositor plus the financial
institution and dated.
NYC stupid lady is deposit 8000 cash 6 times in a day, and she also signed
the form to let bank release the info to IRS.
Usually bank will alert you that your deposit is over their report line(they
do not want extra work to fill the form)
Also, it did not means 1 deposit, if you bring in 10K to deposit into 2
account, also it will counts that is over 10K, even you go over to another
branch, they still know that if that is to same account...