Form 8300 Car Dealer - Each time the payments aggregate in excess of. The form that is used to satisfy both reporting requirements is form 8300, report of cash payments over $10,000 received in a. Form 8300, report of cash payments over $10,000 received in a trade or business. Accordingly, the dealership is required to file form 8300 when the total amount exceeds $10,000. Starting january 1, 2024, you must electronically file forms 8300, report of cash payments over $10,000 received in a trade or business, if you. Form 8300 is a joint form issued by the irs and the. Shannon robertson, executive firector of the association of finance and insurance professionals, at the. Dealers must report to irs (using irs/fincen form 8300) the receipt of cash/cash equivalents in excess of $10,000 in a single transaction or.
Form 8300, report of cash payments over $10,000 received in a trade or business. Accordingly, the dealership is required to file form 8300 when the total amount exceeds $10,000. Shannon robertson, executive firector of the association of finance and insurance professionals, at the. Each time the payments aggregate in excess of. Dealers must report to irs (using irs/fincen form 8300) the receipt of cash/cash equivalents in excess of $10,000 in a single transaction or. Form 8300 is a joint form issued by the irs and the. The form that is used to satisfy both reporting requirements is form 8300, report of cash payments over $10,000 received in a. Starting january 1, 2024, you must electronically file forms 8300, report of cash payments over $10,000 received in a trade or business, if you.