<prompt> Human: I made 12 1,000.00 loans to a friend over the span of a year and now they want to pay me back in one check. I read that if I deposit this check Bank of America, the IRS will investigate. In my experience, if the IRS investigates they almost always take their share. I already paid tax on this money. How do I prevent having to pay taxes on this?Thanks in advance.E: Guess I read the fine print wrong. Thank you for the replies everyone.  <response>: Just deposit the check.Whatever you do, dont split it into multiple payments to get around the reporting requirement. Thats called structuring and is illegal while just depositing 12k is fine. 