Q: Is what I am doing considered as structuring or smurfing?
Although you probably do not know it, you are operating a small business in California. And since your small business involves currency trades you may be violation federal or state law doing what you are doing for a living.
And BTW, in today's brave new world of super high-tech electronic banking you cannot do this forever without the United States Government finding out about it. What the the government might do is the subject of a much more valuable memo of law that I provide to my paying clients. (Hint: Do NOT start doing this for your friends or family--or for anyone else.)
As a closing gift I will also tell you this: The Internal Revenue Service does not care where you get your money--as long as you report all of it to them--and pay income tax on it in the calendar quarter you earned it . Since this is a business, you might be able to offset some of the income with legitimate expenses (if approved) that you can prove you paid when earning your profit.
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