Transfer of Large Amounts of Funds?

[Verne_Frantz]

Mark,
My experience went like this: I bought an old car for a fairly large sum of money and the seller wanted cash. I simply called my bank and "ordered" the cash. I wrote a check for cash from my own account, went to the bank on the agreed day and picked it up. They filled out a simple form and just asked what it was for. I told them I was buying an old car and that was that. I don't think the Feds are tracking whether you are paying your local motor vehicle sales tax. They're looking for exchanges of large amounts of money for illegal purposes.
I had the seller sign 2 separate bills of sale; one for the real amount and one for a very small amount to be used at dmv when I take title.
That was my experience.

I've heard how some people open several different bank accounts and have modest deposits in each, then withdraw all the money when they need a large sum, but I'd think that would only cast suspicion of some wrong-doing with the Feds. They'd be able to trace each account very easily, and having that variety would only look like you're up to something.

Verne