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. The IRS said Wednesday that ...

Under U.S. law, any individual or business who receives more than $10,000 in one transaction or a series of related transactions, while conducting their trade or business, must report it to the ...

Business clients need to know that many companies will be required to start to electronically report cash payments over $10,000 starting Jan. 1. Federal law requires a person to report cash ...

Forbes contributors publish independent expert analyses and insights. Amber Gray-Fenner covers individual and crypto taxation and IRS news. Businesses who accept cryptocurrency as payment were ...

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, ...

The IRS recently made changes to Form 8300, and effective for all transactions occurring after June 30, 2011, the new version of the form should be utilized, according to Dixon Hughes Goodman. The ...