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Also called "structuring" - intentionally making small transactions to avoid the oversight that comes with large ones [0]. [0]: https://en.wikipedia.org/wiki/S

Also called "structuring" - intentionally making small transactions to avoid the oversight that comes with large ones [0]. [0]: https://en.wikipedia.org/wiki/Structuring https://en.wikipedia.org/wiki/Structuring

timv 10y ago
And the law in question specifically says No person shall, for the purpose of evading the reporting requirements of section 5313 ... But the report indicates that the IRS made no attempts to determine whether the supposed "structuring" was done for the purpose of evading the reporting requirements, and simply ignored any evidence the showed that the pattern of deposits had a legitimate explanation.
- wav-part 10y ago
  Is "for the purpose" predefined ? If not, we have only ourselves to blame for including such subjective terms in such serious matters.
pmiller2 10y ago
And now that you know about it, you too can found guilty of structuring! ;)
- phil21 10y ago
  You didn't need to know about it to be guilty of structuring. I'd posit that most folks who get hit by this crap likely didn't know about it until their money was gone.