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
Form 8300 Archives - Crawford Ellenbogen
Aug 9, 2023
Receive more than $10,000 in cash at your business? Here’s what you must do
- By Victor Dozzi
- Business
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Aug 26, 2020
File cash transaction reports for your business — on paper or electronically
- By Joan Ellenbogen
- Business
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Does your business receive large amounts of cash or cash equivalents such as bank checks? You may be required to submit forms to the IRS to report these transactions. Each person engaged in a trade or business who receives more than $10,000 in cash in one transaction, or in two or more related transactions, must