Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: utzoo!watmath!clyde!burl!we13!ihnp4!inuxc!pur-ee!uiucdcs!parsec!rowan From: rowan@parsec.UUCP Newsgroups: net.flame Subject: Re: Re: Cash =? Criminality - (nf) Message-ID: <5379@uiucdcs.UUCP> Date: Sat, 4-Feb-84 22:42:33 EST Article-I.D.: uiucdcs.5379 Posted: Sat Feb 4 22:42:33 1984 Date-Received: Wed, 8-Feb-84 10:25:01 EST Lines: 18 #R:ihu1g:-17400:parsec:34900010:000:670 parsec!rowan Feb 4 09:42:00 1984 There has been an IRS regulation on the books for years that requires ANY cash transaction of $10,000 or more at a bank to be reported (I don't know the form number off the top of my head). The trick in South Florida used to be to `buy' a bank teller who would dutifully fill out the IRS form and run it through the banks shredder when no one was looking. Large cash transactions have always been associated with something illegal. Why do you suppose many retailers will not accept $50 or $100 bills. Or why the government hasn't printed bills larger than 100's for years? Steve Rowan Convex Computer Corp. {allegra,ihnp4,uiucdcs,ctvax}!parsec!rowan (214)669-3700