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Currency Transaction Report: banks must file with the IRS

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Banks are required to file a Currency Transaction Report with the Internal Revenue Service for:

a. any suspected criminal activity inbilbing funds of any amount
b. all transaction involving cash or certain types of checks of more than $1,000
c. all transactions involving ordinary checks of $10,000 or more
d. all transactions involving cash or certain types of checks of more than $10,000

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Solution Summary

Banks that are required to file a Currency Transaction Report with the internal revenue service for different activities are examined.

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According to the IRS website, a Currency Transaction Report is ...

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