The International Bank Account Number is a unique identifier helping banks process payments from person to person automatically. The IBAN contains all necessary information for the owner if a bank account such as the account number, bank and branch information and country code.
Quick Answer. Whether its one cash deposit of $10,000 or multiple transactions that add up to $10,000, cash deposits must be reported to the Internal Revenue Service (IRS) once they hit that amount if conducting trade or business. If cash deposits hit this amount, it must be reported to the IRS through Form 8300.
Your account is clearly active in the IRS collection queue, and you may also be at risk for a levy on wages. You should also know that an IRS bank levy requires your bank to hold the levied funds for 20 days before sending it to the IRS. This gives you a window of time to contact the IRS, negotiate a release of the levy and have the funds restored to your account.