as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
will depositing $10k+ checks each month raise red flags with the irs?
user
you're getting confused between several different things. 10k - cash transactions over $10,000 are reported to fincen under bsa. this is to prevent money laundering. irs - irs wants to see your tax return with all your income reported there. they don't see your bank deposits unless they audit you. 1 and 2 are not related at all.
assistant