Checks over 15,000 reported to the i.r.s?

Question

i got a check a check for 15,000 dallors and i deposited it in my acount the the bank put a hold on my check for 15,000 for about a mounth and i wanna no is i.r.s is gonna audited me?

Answer 1

The bank put a hold on the check because a check for 15,000 dallors is not US currency.  You should contact the maker of the check and get them to reissue in US Dollars

Answer 2

I don't think it is reported to the IRS unless it is a CASH deposit for that amount - a check is traceable as to the source.  To put a hold on it for a month seems a bit odd - most checks are processed electronically in a matter of days, so I'd be asking them how much interest they owe you for holding your money for so long unless this check came from another country, or something of that nature.

Answer 3

No - this does not trigger an IRS audit.  Banks are only required to report CASH transactions larger than $10,000.

Banks routinely place a hold on large checks to make sure they are going to clear before they release the funds to your account.  I doubt the hold will be for a month, however.  It is usually 3-5 days.  It would be very unusual for the bank to put a hold on the funds for 30 days, even if it is an international check, because funds are confirmed and transferred electronically these days and that takes very little time.  

You should call them and clarify that and if they tell you 30 days, come right out and ask them why so long.