FlyerTalk Forums - View Single Post - Spending $250K for Centurion, How About IRS? Large Cash deposits out of your league?
Old Aug 16, 10, 7:59 pm
Join Date: Aug 2010
Posts: 73
Originally Posted by FoundInRNO View Post
because the OP intended to avoid the taxes by structuring his transactions that way.!
All points taken except this. How can one avoid taxes by structuring transactions below 10K? When you go over 10K, you don't get taxed. It just gets reported to the government.

You don't set yourself up as a reseller, you avoid tax, that's another story. I just couldn't make connection between depositing below 10K and avoiding tax.
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