Certain businesses that receive payments of over $10,000 in cash must file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, electronically starting in 2024, the IRS ...

Cannabis businesses that regularly transact in cash need to strongly consider creating an internal policy to ensure that the Form is regularly completed and filed. The cannabis business is busier than ...

Under U.S. law, any individual or business who receives more than $10,000 in one transaction or a series of related transactions, while conducting their trade or business, must report it to the ...

Recently, compliance questions once again came to light where a business received $18,000 in cash to settle an account receivable. The business questioned whether it needed to file a Form 8300 (a cash ...

Pop quiz: What counts as more than $10,000 in cash in the eyes of the Internal Revenue Service and must be reported on Form 8300? Those in dealership F&I offices are often confused on this point, ...