New regulations from Department of Agriculture require that Americans that own four or more “breedable” female pets that are at least four months old must obtain a federal license and be subject to federal inspections, regardless of whether or not the owner is planning on breeding any of their pets. Animal rescue shelters fear that they may also suffer, as penalties could amount to $10,000 per day per animal.Read more »
when the Sowers earned over $10,000 in February, and learned they’d have to fill out paperwork at the bank for such large deposits, they simply rolled the deposits over to keep them below that amount, rather than waste time on bureaucratic red tape.
Structuring explains Overlawyered.com, is the federal criminal offense of splitting up bank deposits so as to keep them under a threshold such as $10,000 above which banks have to report transactions to the government.
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