The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan. 1, 2024. Processing Content The IRS said ...

Forbes contributors publish independent expert analyses and insights. Amber Gray-Fenner covers individual and crypto taxation and IRS news. Jan 25, 2024, 09:25am EST This article is more than 2 years ...

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 ...

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, ...

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 ...