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.
Banks don't routinely report deposits or withdrawals to the IRS, unless the IRS specifically targets your account. Banks DO report CASH (and only CASH) transactions of $ 10000 or more in a single day to the Treasury Department. The Treasury Dept may or may not forward the info to the IRS. It doesn't matter if you have a million dollars in checks, only $ 10000 or more in CASH triggers the report. The bank can also report a string of smaller cash deposits if they feel they were made specifically to circumvent the $10000 limit rule (example: You deposit $ 5000 Monday and $ 5000 Tuesday).