@dhuber24 wrote:
So I take my wife to the bank with $100k in cash, deposit it, and the bank won't send anything to the IRS simply because I told them it's from me?
The bank is required, by law, to report all cash deposits of over $10,000 to the IRS using Form 8300. This law was put in place to assist in combating money laundering.
You still do not report the gift to your spouse on a tax return or on a Form 709.
