Paying with cash or money orders

[Karentut]

If I buy a car with either cash or money orders, does the dealer have reporting requirements to the government? I am asking because of the currency transaction reporting requirements and the new anti terrorism laws. I get paid frequently in cash or money orders, or cashiers checks, so thought I might just use them instead of a check.

 

What are the amounts before it has to be reported, and are money orders treated the same as cash?

 

And yes, before you ask, I do report all of my income on my taxes.

 

This is not going to be a new car, so I will not be walking in with $20,000 or $30,000 in small bills.

[Quit Screwing Me]

I was under the impression the $ limit was $10,000.....but could be wrong.

[MarvBear]

$10K CASH

 

or combination of

 

money orders and or travelers checks. (our interpretation)

 

Same thing will happen to you if you deposit that money directly in your bank account.

 

Is not a form YOU have to sign or anything.