depositing over $10,000 into bank account, will irs ask questions?

In cash, maybe. By check, won't be on the radar. If it is clean money, why worry?

No. The questions are asked only if it is cashed, and they are not asked by the IRS. If they were asked, it would not be the IRS doing the asking. And since it is a check, no one will be asking.

You will be required to report the removal of the money from the annuity on the pensions and annuities line of your tax return. You do not report the depositing of the money into your bank account.

Maybe and maybe not.

Only time will tell and you may also have some taxable income from this union annuity check that you will have report on your correctly completed 1040 income tax return in the next tax filing season in the year 2012.

As the IRS and you will be receiving a 1099-R for the gross amount of the distribution from this union annuity and the amounts will be reported on your 1040 income tax return page 1 line 16a Pension and annuities $$$$$ Gross amount and 16b $$$$$ Taxable amount

Hope that you find the above enclosed information useful. 05/03/2011

Checks are no problem. It's cash the IRS worries about.

You are in deep do-do! I can help though, send it to me (in cash) and I will hide it for you in an off shore account.

No one will ask where it came from when depositing, but it will or has already been reported to the IRS. You will have to account for it on a tax form later, but if it is from a tax paid or deffered account, you shouldn't owe.

the bank will report it as they are r'qrd to do on any transactions of $10000

if IRS or Homeland Security determines they need to know where it came from you may hear from them

Any transaction over $10,000 is reported to the IRS. If there's nothing suspicious about it, they probably won't bother you.

The deposit will be reported. No questions will necessarily be asked. if they do ask, you simply prove where it came from, problem solved.