My LLC received a $15,000 cash deposit — will the bank file a Currency Transaction Report?
I own a foreign-owned LLC that operates a small retail store in Texas. A customer paid $15,000 in cash for a large order. When I deposited it at my bank, the teller had me fill out some extra paperwork. She said it was because the deposit was over $10,000. Should I be worried about this? Will the IRS come after me? I have receipts for the sale and everything is legitimate. Also, my business sometimes receives multiple cash payments in a day that total over $10,000 — does each one get reported separately or do they add them up?
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