You are wrong on that. I am a Branch Manager/Loan Officer and the only time we have to report to the IRS is when when you deposit more thank $10k. We have fill out a CTR (currency transaction report) but it has to be $10,000.01. Anytime you Deposit cash more thank $10k or receive cash for more than $10k then a CTR is required by federal law.
I dont know how it is up where lisa lives but you can give a gift of up to $12k IIRC a year to a single individual. But if everyone sends some money then it will be small donations to her most everyone will not report them on taxes so she will not have too either.
Bout deposting a check for more than 10k reporting to IRS. It has to specifically be in cash.
Guys, between money and upkeep of the truck and fact that I am going to have to sale my home as well, to get something smaller and cheaper that I can maintain on my own. I have to do something....I am truly sorry.
Love you all
Lisa
MsMyclone
I have to do something....I am truly sorry.