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I have a check made out to cash of 100000 can I deposit it into a savings and will there be any tax due?

(in the us) I believe that there is a federal banking regulation that requires financial institutions to report transactions of ten thousand dollars and greater.


Was there any 100000 bills in circulation?

The US made 100,000 dollar bills, but none of these were ever in circulation. They were made to be used between Federal Reserve Banks.


What is employee deposit linked insurance?

employee deposit linked insurance is such types of insurance in which a employer deposit the premium on your basic wages @ 050%. ( deduction will be made on not exceed Rs.6500/-Pm if your Basic will be more than Rs. 6500/-Pm but your deduction will be made on Rs.6500/-Pm.) and a employee who is the member of EDLI got the Rs. 60000/- or 100000/- after the death from Provident Fund office to show the Death Certificate.regardsS.K. OjhaAM(HR&Admin)


What is the difference in counter deposit and deposit?

A counter deposit is made using a blank deposit slip furnished by the bank - the depositor has to write in their own name and account number. A deposit is typically made with a pre-printed deposit slip that the depositor brings to the bank with them.


What is the verb for deposit?

Deposit is both a noun and a verb. She made a deposit at the bank. (noun) She was able to deposit the money at the bank. (verb)


If the amount of a tax deposit is 100000.00 or more when must it be made?

If the amount of a tax deposit is $100,000 or more, it generally must be made by the next business day after the liability arises. This requirement typically applies to large employers under the federal tax deposit system for payroll taxes. It's important to consult the IRS guidelines or a tax professional for specific deadlines and compliance requirements related to your situation.


What was the amount of the first and last deposit made into your account?

The first deposit into the account was 500, and the last deposit was 1,000.


Can you print a federal tax deposit form online?

Yes, these forms can be printed from the Internal Revenue Service website. Payments are also able to be made electronically, which can be a faster and easier option.


Difference between deposit account and call account?

Fixed Deposit Call Account -There is a fix Maturity -There is no Fix Maturity -Terms of Deposit are generally fixed -Terms Generally Varies -Deposit and withdrals can not be made at - Deposit and Withdrals can be made Any Time at any time


Can I cancel a check deposit after it has been made?

Once a check deposit has been made, it is generally not possible to cancel it. The funds are typically considered available for use once the deposit has been processed.


What is an NRI deposit?

An NRI deposit is a deposit made by a non resident Indian, a special deposit service available at DBS bank. With DBS bank, get all the financial help you need.


How can I deposit a check made out to cash at an ATM?

To deposit a check made out to cash at an ATM, you will need to endorse the check by signing your name on the back. Then, insert the check into the ATM and follow the on-screen instructions to deposit it into your account.