Date: Wed, 10 Aug 1994 10:28:48 -0400 From: "Perry E. Metzger" <perry@imsi.com> Jim Dixon says: > Precisely what do you mean by "is used to avoid federal transfer reporting > requirements" ? If you say that it is illegal, can you direct us to or > quote the relevant statute? I don't care to. It is widely known and understood that structuring transactions to avoid the $10,000 and over transaction reporting requirements is a felonly. Go and find out why on your own. A good starting place would be the hermes project (aka courts.usa.federal.supreme). There is (was?) an archive at hermes.cwru.edu. There was a case decided within the last year involving a payment restructuring. At issue was whether the restructuring took place with the *intent* to avoid the reporting requirements. This is completely off-the-top-of-my-head. I'm not going to do any actual research on this. Another place would be the local branch office of your bank. I believe that the reporting requirement has been at $3000 for a number of years. Rick