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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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- FORM 8300
FORM 8300
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mohan
Level 3
01-19-2024
10:52 AM
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I am confused the filing requirement of the recipient. If a home jewelry business sale his products to the relatives and neighbors totaling $12,000 in cash in a year from multiples customers and each customers payment does not exceeded over 1,000, does this business need to file 8300?
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Terry53029
Level 14
01-31-2024
08:27 AM
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This is from the instructions for form 8300. "Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300".
here is link: https://www.irs.gov/businesses/small-businesses-self-employed/form-8300-and-reporting-cash-payments-...
