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Q: If the amount of a tax deposit is 100000.00 or more when must it be made?
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Continue Learning about Accounting

When will a bank report a cash deposit?

A Bank will report a cash deposit under the following circumstances: a. If the amount deposited is huge (Usually over $5000 or more) b. If the funds are deposited from an overseas bank account c. Numerous deposits of small value (less than $5000) are happening frequently


What is the difference between a deposit and a counter credit?

Deposit is teller friendly, efficient and accurate Counter credit is more work for teller, mistake possible


How do you increase a bank account?

By continuing to deposit more money than you take out.


What is a two party check?

A two party check is a check which is made out to more than one party. To cash or deposit a two party check, the check must be endorsed by both partied that the check is written out to.


How do you write a check for deposit into another one of your other accounts?

If you have more than one account with the same bank you can simply transfer money from one account to the other (i.e. savings to chequing or vice versa). This can be done online if you have online banking or at the till. You could even withdraw money from an ATM out of one of your accounts and then deposit it into another.Assuming that the accounts are not with the same bank and you want to write a check to "transfer" from one account "source" to deposit into the other bank account "target".You can make the check out to "Cash" and endorse it (sign the back).It would be wise to write your "target" bank account number in the memo portion of the check preceeded by the word "deposit". Just be sure to get a deposit receipt and ensure that it was deposited into your account. Be aware that the bank may place a hold on the deposit amount until it receives the funds from the other bank (your check does not bounce).

Related questions

What is a typical deposit on furniture rental?

The typical deposit on furniture rental is a small amount, depending on what type of furntiure you are renting. The more expensive the piece of furniture, the more expensive the deposit will be.


How do you deposit more than 5 lakhs in savings bank account in absence of PAN card?

deposit the amount by providing form 60


What is the maximum you can deposit in a savings account?

In India, if you deposit any amount more than Rs. 50,000/- you need to submit your PAN card number, If you deposit more than Rs. 10,00,000/- you need to show the source of income of the money. These details will be shared with the Income Tax department. As of maximum amount - It is any amount. No bank would restrict you on the amount as long as you provide them the necessary info as mentioned above.


Does the amount of your deposit or the duration contribute more to getting the best CD rates?

Yes. The more you invest, the greater the amount you're accumulating interest on. Longer CD


How much money is ten percent interest?

It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.


Where is there an online gambling website where you can deposit 5.00?

You will find that the minimum required deposit for online casinos will be at least $20 - $25 This is due to the cost of processing the deposit, accepting deposits lower then this would not be cost effective. The amount of minimum deposit will also depend on the deposit method used, an eWallet may be more or less then a ACH or Bank Wire, and that may be more of less then a deposit using Visa or Mastercard.


How many soccer fans are there?

there is more than 10000000


How do you describe a time deposit?

A time deposit has to be left in the bank for a certain period of time. If it stays for the entire time in the bank, the depositor will receive a little more when the time deposit is withdrawn. A time deposit taken out before the date of maturity will be subject to penalties and the total amount might be less than the original deposit.


Do term deposit rates pay more interest than a conventional savings account?

"Yes, term deposit rates do pay more interest than a conventional savings account because you basically lock in your money to this account for a fixed amount of time, assuring your bank that you will not withdraw the money in the set amount of time."


How much higher can you jump on mercury than earth?

10000000 more feet


Which two cities have more than 10000000 people?

N.Y. N.Y. & Los Angeles


How many more stars does are present US flag have?

Im 10000000% positive its 50