I deposit large sums all the time. The bank has to fill out a form on everything over 10k.. I just tell them that I sold a tractor, which is true... Next week i sell one for 8k, that goes in too. Some times its two tractors and lots of dough goes in. sometimes its a small piece of equipment for $300. You dont need to fear it if it is actual business and you have paper work. Anything you hear otherwise is not norm as there are thousands of business that make weekly deposits in the 10s of thousands of dollars. You must have records. If you dont have records, you can get in a tight spot really quick with money laundering laws. I have withdrawals for all the equipment I buy and deposits for all the equipment I sale. But I do a "bill or sale", and a record in my books for my accountant and taxes.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
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