how much cash can you deposit without irs
âMy mom had told me if you keep your deposits under $10,000, the bank avoids paperwork,â she said. âI didnât actually think it had anything to do with the IRS.â. It is not a crime to deposit less than $10,000 cash in a bank, unless its purpose is to evade the reporting requirement. âBut often a mere bank statement is enough for investigators to obtain a seizure warrant,â the Times noted.