A reminder for businesses: Use IRS Form 8300 to report cash transactions of $10,000 or more within 15 days of a transaction. If you file electronically, the forms are delivered to the Financial Crimes Enforcement Network. Paper forms are submitted to the IRS. Generally, you also should provide written statements to parties whose names you’ve reported by January 31 of the year following the transactions. If a transaction you report is suspicious, don’t provide a statement to the individual involved. Although you aren’t required to file Form 8300 for cash transactions less than $10,000, the IRS encourages reporting suspicious transactions of any amount. For more: https://bit.ly/4kg48cx
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