Form 8300

Receive more than $10,000 in cash at your business? Here’s what you must do

Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on your tax return. The requirements. Each person who, in the course of operating a trade or business, receives more than $10,000 in cash in one transaction (or […]

Receive more than $10,000 in cash at your business? Here’s what you must do Read More »

Large cash transactions with your business must be reported to the IRS

If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What are the requirements? Each person who, in the course of operating a trade or business, receives more than $10,000 in cash in one transaction (or two or more related transactions), must file

Large cash transactions with your business must be reported to the IRS Read More »

File cash transaction reports for your business — on paper or electronically

Does your business receive large amounts of cash or cash equivalents? You may be required to submit forms to the IRS to report these transactions. Filing requirements. Each person engaged in a trade or business who, in the course of operating, receives more than $10,000 in cash in one transaction, or in two or more

File cash transaction reports for your business — on paper or electronically Read More »