RE: Legality of requiring credit cards?

Mike Topalovich <TOPALOVICH@terraglyph.com> writes:

It's not necessarily because you are paying with $100 bills. The IRS requires banks and other businesses to report all cash transactions exceeding $10,000 by means of a Currency Transaction Report (CTR). This is a way for the IRS to track money laundering. There happens to be two lines on the form asking for the number of $50 and $100 bills, but those lines are optional.

They're supposed to report "suspicious" cash transactions under 10K too. --- Dr.Dimitri Vulis KOTM Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps