Reporting over $10,000 transactions

[Torellian]

You were given a means to avoid the issue. If you refuse to use it, then you choose to risk your transactions being suspect and reviewed.


there is no definite answer. It is whatever the person reviewing your transactions or the department they work for decides it is.

Did you even look at the links I provided? I think the first one especially shows how arbitrary it is.

 

[justalayman]

Did you even look at the links I provided? I think the first one especially shows how arbitrary it is.

How arbitrary what is? To avoid the reporting, I told you how to avoid it. As to the How often is too often; that is what I said in my last post.

 

[tranquility]

So now you know my plans? Are you a mindreader? What I had said is that 2 of my purchases would be under $10,000 but that 2 of them so close together and equaling OVER that amount might draw attention and make it look like I was doing something illegal even though I'm not. Even looking like you're doing something illegal can cause problems. Understand? And do you understand how problems are something best avoided?

What I'm asking is HOW OFTEN do purchases under $10,000 have to be made that would cause suspicion. If you don't know, just admit it--rather than start making assumptions and accusations against me.

No, I'm just reading what you wrote. To remind you:

I'd like to know from a legal standpoint how I can avoid being reported, and how frequent my purchases can be below $10,000 before it's considered "structuring purchases to avoid reporting".

The answer is, you can't. That is precisely what the law does not allow. That is the part that is illegal. Sheesh. As to the "looking" like something is illegal, it would depend. It would depend on all the facts including the individual prosecutor or officer involved. How it came to their attention and what do they think your goal was. It's not a matter of reading minds, but of reading your words as to your goal.

I'm more concerned with being suspected of doing something I'm not

The government suspects everyone. Get over it. Do your transactions in a reasoned manner designed to benefit you and not to avoid suspicion and you'll be fine. As you your silly Google "proof", did you even look at the underlying facts? Are you doing any of those things? Do you see anyone in those hundreds of thousands of links who was just some poor schlob who got caught up in a couple of transactions, innocently done? C'mon. Conspire to do this, launder money with this, fund terrorism with this, do tax fraud with this and they will throw the charge in to make sure you stay in prison longer. Buy some gold for your account because of huge fluctuations, um..not so much.