Small businesses receiving cash payments over $10,000 must report them no later than 15 days after the transactions. This can be done on a paper IRS Form 8300. Or it can be done electronically if an account is set up with FinCEN’s BSA-E-Filing System. E-filing gives you an automatic acknowledgment of receipt. Find more information about reporting cash transactions here.
New blog post today! Using Early Life Lessons to Run a Successful Business
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