How much CASH can you deposit into a business bank account......?

without getting a red flag from the bank to the IRS? We have customers who like to pay in cash, but I was told this could lead to unwanted, uneccessary questioning from the IRS. Somewhere I heard 10K, but am not sure of this....?

How much CASH can you deposit into a business bank account......?honda finance

As a former business owner, there is no limit to the amount of cash you are allowed to deposit. If your deposit includes a cash transaction over $10,000, it may be questioned. But as long as you can show the IRS a copy of the Invoice, customer account statement, or other proof that the deposit%26#039;s legit, you should not have any problems.

If you cannot substantiate a large deposit of cash into a bank account, do not deposit it.

How much CASH can you deposit into a business bank account......?

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If you have nothing from which to hide, you haven%26#039;t any concern.|||They will not confirm that, but banks are required to report large sums of cash. If you have a legit business that should not be a problem. Once you have a pattern, it will not result in any hassles. Have been depositing $20,000 per day for years and never been questioned.|||As much as you want it is your account if you are worried about it then I would guess the money may be a little questionable and if that is the case then don%26#039;t deposit it at all cause the IRS can audit you for anything at anytime. If everything is legit then just put it in.|||All transactions over $10K are automatically reported to the IRS, but banks also reserve the right (and are actually obligated by law) to report ANY size transaction that they deem suspicious.|||okay, its not a big deal. if you do deposit or withdrawal 10k or more, then you just have to tell the bank your occupation-- that%26#039;s it, they do all the work by filling out a currency transaction report. they do this so that they can prevent money laundering (mostly amongst aiding terrorists) etc. If your business is legitimate you have no worries. There are other algorithms banks use to determine structuring deposits so that they can tell if you are being suspicious or shady in the amounts you are depositing (just under 10k for several days). In this instance, you will not know if they are flagging/ reporting you by completing a suspicious activity report.|||My advice would be to pay as many bills as you can in cash so that it becomes somebody else%26#039;s problem.