Are you Structuring your cash deposits to avoid the IRS?

http://www.parientelaw.com/blog/2015/07/the-crime-of-structuring-bank-deposits/ - This is a type of white-collar crime that recently received a lot of attention earlier this summer from Speaker House Speaker Dennis Hastert who reportedly paid millions of dollars to an individual as hush money. The practice involves putting less than $10,000 in the bank to avoid being reported to the IRS. Many people try to get creative about it and put $8000 and during the day and then tried to deposit some amount later that's either less then or equal to $10,000. If you were caught structuring your cash deposits you were at risk of up to five years in federal prison or $250,000 fine.

Structuring, also known as smurfing in banking industry jargon, is the practice of executing financial transactions (such as the making of bank deposits) in a specific pattern calculated to avoid the creation of certain records and reports required by law, such as the United States' Bank Secrecy Act (BSA) and Internal Revenue Code section 6050I (relating to the requirement to file Form 8300)
Structuring, also known as smurfing in banking industry jargon, is the practice of executing financial transactions (such as the making of bank deposits) in a specific pattern calculated to avoid the creation of certain records and reports required by law, such as the United States' Bank Secrecy Act (BSA) and Internal Revenue Code section 6050I (relating to the requirement to file Form 8300)

If you are being investigated for cash deposit structuring, I highly suggest you call my office for a free consultation. I'm a criminal defense attorney was seventeen years of experience in both stay in federal court.

Give my office is a call at the contact information listed below and let me see how I can help you.

Pariente Law Firm, P.C.
3960 Howard Hughes Pkwy. #615
Las Vegas, NV 89169
(702) 966-5310

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