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    will a $5000.00 cash deposit to my bank account raise red flags or trigger reports to the govt?

    +1  Views: 488 Answers: 3 Posted: 14 years ago

    3 Answers

    http://i186.photobucket.com/albums/x117/mjoycebaird/Animated%20gifs/yes.gif

    Possibly. Too many scenarios to list here. Bottom line: If it's legitimate, and better yet, if you can prove that it came from a legitimate source, there's nothing to worry about if the Feds get wind of it. I can only speak about the US gov't.

    Depends on which g'ment you are talking about. I would think not as people sell things every day and deposit cash in their accounts. But the way things are going on here in the USA I'm not so sure anymore.



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