I own a business and there is a lot of cash revenue, I want to deposit some here and there but don t want to get audited
Your bank will usually be happy to let you deposit as much as you like. However, if you make a deposit of $10,000 or more, the transaction will be reported to the IRS. This will probably not result in an audit. As a business, you are probably paying quarterly estimated taxes--if you are tax-compliant, then any cash deposit that might be reported will match up with the revenue you are reporting quarterly.
That said, I recommend getting a business account. You say you're worried about getting audited, but an audit is nothing to worry about (except some inconvenience) if you have good bookkeeping--and it's a lot easier to do that if you keep your business funds and your personal funds separate.
If you have to ask, your business is illegal, and you KNOW it. You can deposit UNLIMITED amounts of cash without raising any red flags if you have a LEGITIMATE cash intense business. Because you are TRYING to hide the source of funds, I won't tell you what triggers reporting of cash transactions. I WILL tell you that a series of deposits that appears to be designed to avoid reporting requirements WILL b e reported, and raise more red flags than regular deposits large enough to trigger reporting of every transaction.
So you are trying to defraud the taxman then ?> This should be all put into your business bank account and small sums for personal use transferred to your private account.
You will be audited if you do what you want to do.
If this is a business then you need to open a business account. Mixing person and business finances is possibly the number one way to be audited.
Under 10K, but lots of regular cash will also raise red flags. Cash is increasingly the domain of drug dealers, gangsters, etc.
