The IRS seized $107,000 from this business owner for making too many small cash deposits

The IRS seized $107,000 from this business owner for making too many small cash deposits
If you deposit more than $10,000 in cash, your bank is required to file a form with the authorities reporting the transaction. But the law also makes it illegal to “structure” deposits — depositing cash in amounts under $10,000 to avoid triggering the reporting requirement. But aggressive enforcement of these laws can ensnare small business owners whose only crime is dealing in cash.