On 2019-02-07, Gene Heskett <ghesk...@shentel.net> wrote: > > I think we've about worn this off topic thread out. The $10,000 rule is > what it is wherever you are doing business. > Cheers, Gene Heskett
For me the rule is defined by the IRS and the FinCEN. The very heading of IRS form 8300--"Report of Cash Payments Over $10,000 Received in a Trade or Business"--appears to leave little wiggle room for subjective interpretation in the matter. The perversity of the thing is, Gene, as I've pointed out elsewhere, for certain monetary instruments which normally would not fall foul of the reporting requirement when used in good faith, attempting to use those same instruments in such a manner as to avoid triggering the reporting requirement results in the triggering of the reporting requirement. As those monetary instruments do not comprise the personal check, however, both you and your used car salesman can breathe easy.