Hi --

What you heard of is an IRS requirement. Basically any cash transaction of $10,000 or greater is to be reported to the IRS. They use this number as an indicator of drug traffic money among other things. Been going on for years. Your bank does the same thing.

Nothing happens to you automatically. When I sold cars we had a form to fill out if anyone paid more than $10,000 cash and sent that to the IRS.

-- Dan Butler

> don't pay cash. Apparently, paying cash for
> a car
> is sending flags that you are a drug dealer.
> Pay
> by check. Anyone paying cash is reported to
> the
> police and you may find your new car
> confiscated
> until you prove that your innocent. Yikes.




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