Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#5
02-14-2007, 05:29 PM
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Re: Fund Transfer
The new trigger with the IRS is 5K. I stopped working in our family business last year and took 5 months off (can we say family feud). I was moving cash from the safe in to the checking account every few weeks and asked my banker to make sure that I stayed under the radar. If you are selling a car and have the documents to back it up, it should be no problem. Also, if it is cash I believe it shows up differently than a cashiers check on how it is reported to the KGB.
------------------- Chris 1967 Yenko Stinger YS-199 Southeast of Disorder
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Chris 1966 Yenko Stinger YS-070 1967 Yenko Stinger YS-199 1969 Yenko Stinger YS-320 Southeast of Disorder 
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