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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