This is Awesome info . I have seen tons of people taken advantage of by law enforcement . Hard earned money just taken away . This really should be a T.V commercial.
Thanks do you have about taking the money from Usa overseas to South America? we are a family wanting to move back to our country and bring some of the saving in dollars? thanks @@GreatLakesCustomsLawLivonia
Do you have any idea how much the admisnistrative for bringing cash over $10,000 USD is? Also, does a visitor get taxed on that cash they’re bringing besides the administrative fee? Thank you
Let's say a person is traveling from the US to Russia with 10k+ There is a transit stop at either Istanbul or Cairo airport on the way there. How does this work...? You fill out the form in order to exit the US with the money. And then when you transit though the foreign airport, you need to declare the money upon arrival, and then let them know about it as you depart. And then when you arrive in Moscow, you will declare the money upon arrival there. Do I understand this correctly? You can just tell the foreign airport about it as soon as you arrive (and go through a "red" corridor)? Or do you also need to fill out paperwork beforehand for foreign airports (even if they are in transit)?
Every country will have its own laws and requirements. What you say there sounds about right, but you'd be wise to consult with people knowledgeable about each country's laws. All that is discussed here applies only to the United States.
@@manalishi_hsI'll bet you already traveled to Moscow by now. So how did it go, what did you do when you were transferring from one plane to another? Did you declare your money while still in the air or when you landed in foreign airport?
@@mgstation Been to Russia several times. You fill out a form not long before landing in Russia. Russia has a law that you need to declare when/if you are leaving the country with more than 10 grand. I would declare the 10 grand or what ever on the form before landing just to be safe. I would recommend a chest/shoulder wallet. Or at least a heavy duty pouch that slides over your belt so that pick pockets will not be able to steal your cash. Never show or count your cash in public. Use a rest room or motel room to do so.
What if you are traveling by Amtrak or Greyhound, etc? They only stop for customs at the country you are *entering*. There is no provision for stopping at US Customs outbound to Canada or Mexico.
I did not declare that I was traveling with an emergency fund in my RV and the canadian border seized my money but "sold" it back to me for 5% of what I had, said it was a fine for failing to declare it. When I cross the border to go BACK into the US where I live, do I need to have one of these forms filled out? Or do I even need to "declare" that I'm bringing my own damn money BACK into the states?
thank for the info, Im planning to go to a denver gem show from Guatemala to the US, any advice on how to carrying jewelry and cash with me, I will be an exhibitor, thanks!!
And sadly, if you fail to declare such excessive cash that you bring in, you can face federal criminal prosecution, which can mean a charge of cash importation fraud, which is a felony! It is punished almost as severely as federal tax evasion. This means federal prison time if convicted. Don't fall into that trap!!!!
Is this necessary if two people reach 10,000 or just one? For example, if I and a friend want to travel to New York and each one brings 8,000 dollars, is it necessary to sign this or is it not?
No, not directly. The form gets filed with the Treasury Dept. You would be responsible for claiming the money on your tax returns IF it is income (court Sault a tax professional).
I have seven family members including me, my wife and five daughters, I am travelling to US on immigration visa. How much money we can take individually and collectively. Kindly guide with reference. Thanks in advance....
Hi; lawyer friend from South America have legal money saved in cash wants to bring it and report it then deposit it in a bank account in USA. Would that money be seized? Or charge a tax fee? If custom doesn’t size the cash when is reported what’s the point of reporting meanin what’s the difference legal cash gets reported vs drug money gets reported
Anyone transporting money into or out of the country more than $10,000 must file the report. If they do, it will not be seized for violation of the reporting requirement (31 USC 5316). It could still be seized if CBP believes it is connected to other illegal activity, though (like drugs). The tax question would depend on a lot of things, and your friend should consult with a tax pro for help.
If bringing money into the US. Do I need to provide a form with proof of where the cash came from or do I just need to inform CBP that it was a property sale?
my realtive was coming over from Belgium. She filled out Fincen Form 105 for carrying currency over 10k, but failed to report it to CBP officer at port of entry. The thing is she is elderly and didn't even know that she should have done that on entry. She has cleared custom with no issues but does she need to file any additional paperwork for failing to report it to cbp officer at port of entry?
I know this is a 4 year old video but I am taking my chances on getting an answer from you. I inherited properties in Honduras and may be selling. Can I declare 600k in the form? Will I need to show proof that the money came from selling a inherited property? Thank you!
Hello, I know your video is 3 years old but I have a question. I sold a property in MX and the buyer wire transferred half of the funds but has cash for the other half. around $350K is this amount something I can do the FicCEN 105 form or is this amount way too large and risky?
Hey, happy listening to you but why there is no full video on how to declare money on airport, if the ask something while declaing money and all.. everything. Because i living in camroon right now and have sum of 25000euros to carry india.. and i am in a bit of confusion what to do. How to do.. i want to know if while declaring miney the ask or some paper work they want to see so i can prepare it already
This is the full video. Read the form and its instructions. It's very simple. You can bring proof of money, but it's not required when filing FinCen 105. Direct your specific questions on how to file to CBP and their office at the airport of your arrival.
@harlequin2280 I am not. If you carry $10,000 or less for the purposes of not having to file the FinCen105/CMIR report, that is also structuring. It may not frequently happen, and it may be difficult to prosecute, but it is a violation of 31 USC 5324, if done with that intent.
@harlequin2280 I guess we will disagree. I understand your explanation of the (absolutely) most common type of structuring, where money is divided over time or between people, but it can also be done in the way that I have explained.
@harlequin2280 No, I am not. Go have a look at 31 CFR 1010.100(xx)'s definition of structuring, "....the breaking down of a single sum of currency exceeding $10,000 into smaller sums, including sums at or below $10,000, or the condut of a transaction, or series of transactions at or below $10,000." www.ecfr.gov/current/title-31/subtitle-B/chapter-X/part-1010/subpart-A/section-1010.100#p-1010.100(xx)
@harlequin2280 No. It is "Breaking down a single sum of currency.... ****OR***** the conduct of a transaction, or series of currency transactions....." What the above definition provided says is that if someone, with intent to evade the reporting requirement structures a single transaction so that it is below the 31 USC 5316 reporting requirement, it is a structuring violation. In actuality, I think this is rare and I doubt the government would prosecute it, but they could.
No, CBP doesn’t collect income taxes. If the money you report on the form is income, you would be responsible to claim it on your annual taxes. Consult with a tax pro for specific situations.
Hello , trying to ship gold and silver coins to the US from Belgium. Have to file a FINCEN105 form, PARTIII/16: type and amount of currency "currency and coins. Is this the face value or the commercial value one must give ? A 20$ Liberty might be worth eg. 1884CC ... 8000USD. Value only known after the auction sale. A typical bureaucrat form this FINCEN105. Greetings.
Is there a website like this in the UK 🇬🇧, where I can get a form to declare cash? I'm a UK citizen, but with Filipino citizenship as well. I'll be carrying pesos from Philippines to UK. Money will come from selling my property. Is it legal to carry the pesos or should it be converted to sterling pounds? Thanks a lot 😊
Thanks a bunch for these information. I'm planing on buying a house in Greece, how can I get the money I need to do so out of the USA, of course legally.
Thank you for this great video, I really appreciate it. I just have one quick question. I am from Canada, I go to Las Vegas on a yearly basis. If I do win lots of money at the casino and have over $10,000.00 USD cash on me and leaving the Las Vegas Airport and go back to Canada, Do I still have to do a FIN CEN 105 even as I am a Canadian? or does this FIN CEN 105 applies only to Americans?
@@GreatLakesCustomsLawLivonia Thank you so much for the fast response I appreciate it. I will definitely keep that in mind when I go down to Las Vegas. I will make sure I will present the FIN CEN 105 to a US customs border agent before I take off. One last question if you don't mind. I notice that on the US customs border agent website there is an option to do the FIN CEN 105 online without seeing a US customs border agent in person. If I do decide to do the FIN CEN 105 online would the TSA rep at the airport know that I already did a FIN CEN 105 online?
you still must see and report to customs even if you file the Fincen 105 form online. I’ve had people file online and still get the money seized for not physically showing the confirmation to CBP, just like you would have to physically present them with the form. Beware.
@@GreatLakesCustomsLawLivonia Hey Jason, thank you again for the fast response. I will for sure see a US customs border agent and present them the FIN CEN 105 form in person before take off just to avoid any issues. Thanks again!!!
I am Turkish cotizen living in Miami. Ill go for vacation for a month back to turkey. I have 20k $ . Am i allowed ? Is the only thing i should do to fill this report ? Where do i submit it ?
All the answers to those questions are in the video. The comment box on TH-cam is not a place for legal advice. Please watch the video and contact CBP for specific questions related to your travels.
hello? I have a question. I submitted Form 105 online and got a confirmation. I am going to leave the country from Jacksonville Airport in Florida, but I do not know the cbp location of Jacksonville Airport no matter how much I search. Could you tell me? I want to ask on the phone, but I can't speak English well. This is a question using a translator.
Great question. There's no cash reporting requirement in you're flying domestic in the USA. But, if you're a suspicious person (ahem, arrest or criminal record), have a lot of cash, and no good back-up story for why you're carrying so much, they can still seize it if they have a certain level of suspicion (cause). I've had a number of domestic flight cash seizures with CBP over the years with successful results.
I am concerned that pencil pushing suit has no comment on how to stop the pracxtice......as if filling a form is the way to live in America...... joe@@GreatLakesCustomsLawLivonia
Can I travel with $400-500 bucks? I’m not shopping I’m going to visit my friends I’ve been to the US plenty of times just will be my first time going my myself I’m curious
@@christacedavera2497 First, understand the report is for MORE than $10,000. The next pertinent question is - whose money is it? If the two people are married, related, and/or have combined finances, then you probably need to file 1 report if more than $10,000. As I say in the video, when in doubt, combine, report, and pro-actively find CBP officers and explain to them what you're trying to do and you want to comply with the law to avoid any confusion.
Congress has never adjusted the $10,000 figure for inflation, which seems unfair.
Correct. It used to be $5,000 (in the 70s-80s, if I recall correctly) but it was increased to $10,000. Since then, no change to the amount.
Is anything fair 😢
This is Awesome info . I have seen tons of people taken advantage of by law enforcement . Hard earned money just taken away . This really should be a T.V commercial.
Thank you! Who needs to when you have TH-cam?! Spread the word.
Thanks do you have about taking the money from Usa overseas to South America? we are a family wanting to move back to our country and bring some of the saving in dollars? thanks @@GreatLakesCustomsLawLivonia
What if its 300$
Do you have any idea how much the admisnistrative for bringing cash over $10,000 USD is? Also, does a visitor get taxed on that cash they’re bringing besides the administrative fee? Thank you
There is no fee. There is no tax payable at the time of transport. Income tax laws still apply.
Let's say a person is traveling from the US to Russia with 10k+
There is a transit stop at either Istanbul or Cairo airport on the way there.
How does this work...?
You fill out the form in order to exit the US with the money.
And then when you transit though the foreign airport, you need to declare the money upon arrival, and then let them know about it as you depart.
And then when you arrive in Moscow, you will declare the money upon arrival there.
Do I understand this correctly? You can just tell the foreign airport about it as soon as you arrive (and go through a "red" corridor)? Or do you also need to fill out paperwork beforehand for foreign airports (even if they are in transit)?
Every country will have its own laws and requirements. What you say there sounds about right, but you'd be wise to consult with people knowledgeable about each country's laws. All that is discussed here applies only to the United States.
@@GreatLakesCustomsLawLivonia Thank you sir for your quick response!
@@manalishi_hsI'll bet you already traveled to Moscow by now. So how did it go, what did you do when you were transferring from one plane to another? Did you declare your money while still in the air or when you landed in foreign airport?
@@mgstation Been to Russia several times. You fill out a form not long before landing in Russia. Russia has a law that you need to declare when/if you are leaving the country with more than 10 grand. I would declare the 10 grand or what ever on the form before landing just to be safe. I would recommend a chest/shoulder wallet. Or at least a heavy duty pouch that slides over your belt so that pick pockets will not be able to steal your cash. Never show or count your cash in public. Use a rest room or motel room to do so.
Is the Fincen form only needed for traveling to and from the USA? What about traveling from Panama to Paraguay?
Then you need to look to the laws of Panama and Paraguay for any legal requirements. The FinCEN 105 form is only for the United States.
What if you are traveling by Amtrak or Greyhound, etc? They only stop for customs at the country you are *entering*. There is no provision for stopping at US Customs outbound to Canada or Mexico.
Interesting question. I’m not sure how, but you still need to report it when leaving. You could contact CBP for their preferred procedures.
I did not declare that I was traveling with an emergency fund in my RV and the canadian border seized my money but "sold" it back to me for 5% of what I had, said it was a fine for failing to declare it. When I cross the border to go BACK into the US where I live, do I need to have one of these forms filled out? Or do I even need to "declare" that I'm bringing my own damn money BACK into the states?
You need to declare it to the US coming and going if it is over $10k USD, even if CBSA got you for it.
Are you located in Canada please
thank for the info, Im planning to go to a denver gem show from Guatemala to the US, any advice on how to carrying jewelry and cash with me, I will be an exhibitor, thanks!!
And sadly, if you fail to declare such excessive cash that you bring in, you can face federal criminal prosecution, which can mean a charge of cash importation fraud, which is a felony! It is punished almost as severely as federal tax evasion. This means federal prison time if convicted. Don't fall into that trap!!!!
Do u need it for credit card
@iamYazeedd no.
Is this necessary if two people reach 10,000 or just one? For example, if I and a friend want to travel to New York and each one brings 8,000 dollars, is it necessary to sign this or is it not?
This odd not an easy question to answer. Customs may combine the amount of they become suspicious it is from one of you only.
what happens after filling the form? Do I get taxed on it or will i receive an IRS letter afterwards?
No, not directly. The form gets filed with the Treasury Dept. You would be responsible for claiming the money on your tax returns IF it is income (court Sault a tax professional).
I have seven family members including me, my wife and five daughters, I am travelling to US on immigration visa. How much money we can take individually and collectively. Kindly guide with reference. Thanks in advance....
You should report everything you carry over $10k.
I’m coming from the UK and have done the form online but it has a three day expiry date. What is that all about?
I think that is self explanatory. Follow the directions carefully.
Hi; lawyer friend from South America have legal money saved in cash wants to bring it and report it then deposit it in a bank account in USA. Would that money be seized? Or charge a tax fee? If custom doesn’t size the cash when is reported what’s the point of reporting meanin what’s the difference legal cash gets reported vs drug money gets reported
Anyone transporting money into or out of the country more than $10,000 must file the report. If they do, it will not be seized for violation of the reporting requirement (31 USC 5316). It could still be seized if CBP believes it is connected to other illegal activity, though (like drugs). The tax question would depend on a lot of things, and your friend should consult with a tax pro for help.
If bringing money into the US. Do I need to provide a form with proof of where the cash came from or do I just need to inform CBP that it was a property sale?
You need to file Form FinCen105. You can bring supporting proof if you want, but it is not required as part of the report/form.
my realtive was coming over from Belgium. She filled out Fincen Form 105 for carrying currency over 10k, but failed to report it to CBP officer at port of entry. The thing is she is elderly and didn't even know that she should have done that on entry. She has cleared custom with no issues but does she need to file any additional paperwork for failing to report it to cbp officer at port of entry?
She should not contact Customs without first speaking to an attorney.
Does jewelry in a jewelry box have to be declared?
Yes.
I know this is a 4 year old video but I am taking my chances on getting an answer from you. I inherited properties in Honduras and may be selling. Can I declare 600k in the form? Will I need to show proof that the money came from selling a inherited property? Thank you!
You can declare as much as you want on the form. The form does not require that you submit any proof of where the money came from.
What about expensive property, like diamonds, Rolex or Patel Phillip watches?
That’s a different process entirely. It’s not money, but merchandise. See this video: th-cam.com/video/QmCPIARYCQc/w-d-xo.html
Hello, I know your video is 3 years old but I have a question. I sold a property in MX and the buyer wire transferred half of the funds but has cash for the other half. around $350K is this amount something I can do the FicCEN 105 form or is this amount way too large and risky?
The form has no limits as to amount.
Part IV, #18 they are asking for a title... What do they mean by "title"
We don’t provide specific legal advice in the comment box on TH-cam. Look at the instructions or call CBP for specifics.
Hey, happy listening to you but why there is no full video on how to declare money on airport, if the ask something while declaing money and all.. everything. Because i living in camroon right now and have sum of 25000euros to carry india.. and i am in a bit of confusion what to do. How to do.. i want to know if while declaring miney the ask or some paper work they want to see so i can prepare it already
Please if you can reply fast. Thanks
This is the full video. Read the form and its instructions. It's very simple. You can bring proof of money, but it's not required when filing FinCen 105. Direct your specific questions on how to file to CBP and their office at the airport of your arrival.
Hello. Did u solve the problem ? I too have similar questions
I live in California and wanna catch a plane to Arizona to buy a car for 20k Is that going to be a problem or should I notify to make sure
There's not report required if you're not leaving the country, but you could still get it seized: th-cam.com/video/foN4pIMod-8/w-d-xo.html
out of curiosity, is it cool to travel with $9,999 without issue?
Not really. That’s structuring even tho less than $10,000.
@harlequin2280 I am not. If you carry $10,000 or less for the purposes of not having to file the FinCen105/CMIR report, that is also structuring. It may not frequently happen, and it may be difficult to prosecute, but it is a violation of 31 USC 5324, if done with that intent.
@harlequin2280 I guess we will disagree. I understand your explanation of the (absolutely) most common type of structuring, where money is divided over time or between people, but it can also be done in the way that I have explained.
@harlequin2280 No, I am not. Go have a look at 31 CFR 1010.100(xx)'s definition of structuring, "....the breaking down of a single sum of currency exceeding $10,000 into smaller sums, including sums at or below $10,000, or the condut of a transaction, or series of transactions at or below $10,000." www.ecfr.gov/current/title-31/subtitle-B/chapter-X/part-1010/subpart-A/section-1010.100#p-1010.100(xx)
@harlequin2280 No. It is "Breaking down a single sum of currency.... ****OR***** the conduct of a transaction, or series of currency transactions....." What the above definition provided says is that if someone, with intent to evade the reporting requirement structures a single transaction so that it is below the 31 USC 5316 reporting requirement, it is a structuring violation. In actuality, I think this is rare and I doubt the government would prosecute it, but they could.
Hi I’m carrying $6500 should I report this to the cbp I’m traveling to Philippines
The reporting requirement is triggered at “more than $10,000”
Check your local laws.... for example. Ecuador allows you to bring 10k into the country but only 1500 out.
Do they take taxes if you report more then 10000 $ and if yes how much you should pay for taxes ? Thanks
No, CBP doesn’t collect income taxes. If the money you report on the form is income, you would be responsible to claim it on your annual taxes. Consult with a tax pro for specific situations.
Hello , trying to ship gold and silver coins to the US from Belgium. Have to file a FINCEN105 form, PARTIII/16: type and amount of currency "currency and coins.
Is this the face value or the commercial value one must give ? A 20$ Liberty might be worth eg. 1884CC ... 8000USD. Value only known after the auction sale.
A typical bureaucrat form this FINCEN105. Greetings.
Is there a website like this in the UK 🇬🇧, where I can get a form to declare cash? I'm a UK citizen, but with Filipino citizenship as well. I'll be carrying pesos from Philippines to UK. Money will come from selling my property. Is it legal to carry the pesos or should it be converted to sterling pounds?
Thanks a lot
😊
No idea. This is US law only. Look somewhere else for help in other countries.
Thanks a bunch for these information. I'm planing on buying a house in Greece, how can I get the money I need to do so out of the USA, of course legally.
Report it, of course. Or send it through a bank.
Thank you for this great video, I really appreciate it. I just have one quick question. I am from Canada, I go to Las Vegas on a yearly basis. If I do win lots of money at the casino and have over $10,000.00 USD cash on me and leaving the Las Vegas Airport and go back to Canada, Do I still have to do a FIN CEN 105 even as I am a Canadian? or does this FIN CEN 105 applies only to Americans?
It applies to anyone regardless of residence or citizenship.
@@GreatLakesCustomsLawLivonia Thank you so much for the fast response I appreciate it. I will definitely keep that in mind when I go down to Las Vegas. I will make sure I will present the FIN CEN 105 to a US customs border agent before I take off. One last question if you don't mind. I notice that on the US customs border agent website there is an option to do the FIN CEN 105 online without seeing a US customs border agent in person. If I do decide to do the FIN CEN 105 online would the TSA rep at the airport know that I already did a FIN CEN 105 online?
you still must see and report to customs even if you file the Fincen 105 form online. I’ve had people file online and still get the money seized for not physically showing the confirmation to CBP, just like you would have to physically present them with the form. Beware.
@@GreatLakesCustomsLawLivonia Hey Jason, thank you again for the fast response. I will for sure see a US customs border agent and present them the FIN CEN 105 form in person before take off just to avoid any issues. Thanks again!!!
You’re welcome
How can one declare funds more than 10000 dollars in Canada? Is it a similar process?
You'll need to find a Canadian resource for that information.
I am Turkish cotizen living in Miami. Ill go for vacation for a month back to turkey. I have 20k $ . Am i allowed ? Is the only thing i should do to fill this report ? Where do i submit it ?
All the answers to those questions are in the video. The comment box on TH-cam is not a place for legal advice. Please watch the video and contact CBP for specific questions related to your travels.
hello? I have a question. I submitted Form 105 online and got a confirmation. I am going to leave the country from Jacksonville Airport in Florida, but I do not know the cbp location of Jacksonville Airport no matter how much I search. Could you tell me? I want to ask on the phone, but I can't speak English well. This is a question using a translator.
This isn’t anything we can help with. The videos are informational and can’t be so specific to unique situations.
@@GreatLakesCustomsLawLivonia Can I file a cash report to tsa at airports without cbp?
No. You need to file the report with CBP at the last airport of departure from the country.
@@GreatLakesCustomsLawLivonia There are no cbp offices or staff at the airport I use.
Contact CBP, not us. This is a problem we can’t help you with.
how about flying domestic?
Great question. There's no cash reporting requirement in you're flying domestic in the USA. But, if you're a suspicious person (ahem, arrest or criminal record), have a lot of cash, and no good back-up story for why you're carrying so much, they can still seize it if they have a certain level of suspicion (cause). I've had a number of domestic flight cash seizures with CBP over the years with successful results.
I just posted a video on this topic, please check it out th-cam.com/video/foN4pIMod-8/w-d-xo.html
What happen if I am traveling with my father, and he has 9000$ and I have 9000$? Is there any problem?
It sounds like CBP could co slider that structuring, but I’d have to know more facts. You should watch our video on structuring.
The issue is domestic travelers being robbed withing airports. by TSA and others....they just take the money
Yep.
I am concerned that pencil pushing suit has no comment on how to stop the pracxtice......as if filling a form is the way to live in America...... joe@@GreatLakesCustomsLawLivonia
Carry $9900 + Visa or Master Card & no Problem !
Nope. That’s structuring if you’ve purposefully not taken more than $10,000 so as not to report it. Also illegal.
@@GreatLakesCustomsLawLivonia Structuring..hmmm. Very Interesting!!!
Can I travel with $400-500 bucks? I’m not shopping I’m going to visit my friends I’ve been to the US plenty of times just will be my first time going my myself I’m curious
Being as much as you want. Report more than $10,000.
Im 16 and got 10,000 dollars and im flying within the us so what do i do?
Watch this 👉 💸💰 Domestic Cash Seizure by Customs (CBP)? Domestic Flight ✈ or UPS/FedEx/DHL Shipment Money Seizure
th-cam.com/video/foN4pIMod-8/w-d-xo.html
Can we take 4000 dollars with us in a international flight without declaring it ??
Yes - greatlakescustomslaw.com/money-seizures/cash-reporting-requirement-fincen-105-2/
Can i bring the 10k and my girlfriend bring another 10 k without any problem? We live together
I wouldn’t recommend it. Just file an accurate report. Don’t take risks.
So if that case do we file 1 report for 1 couple carrying each 10k. Or 2 people have to file each report carrying 10k each
@@christacedavera2497 First, understand the report is for MORE than $10,000. The next pertinent question is - whose money is it? If the two people are married, related, and/or have combined finances, then you probably need to file 1 report if more than $10,000. As I say in the video, when in doubt, combine, report, and pro-actively find CBP officers and explain to them what you're trying to do and you want to comply with the law to avoid any confusion.
no no they're going to be happy to seize it