The IRS has announced that beginning Jan. 1, 2024, businesses that are required to file Form 8300, Report of Cash Payments Over $10,000, may be required to file electronically instead of filing a paper return.
Cash Reporting Requirements
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 government by filing a Form 8300.
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