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1083 Form

1083 Form

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Quick steps to complete and e-sign Dr 1083 online:

  1. Use Get Form or simply click on the template preview to open it in the editor.
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Video instructions and help with filling out and completing 1083 Form

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Instructions and help about form 1083 irs

hello my friends this is gary massey cpa in atlanta georgia coming to talk with you today about the form 8300 and cash sales over 10 000 so we're going to talk about who has to be concerned how this works the penalties and about irs audits so first of all this relates to transactions in cash over ten thousand dollars it applies to both goods and services and generally this applies to businesses that are dealing in uh large ticket items that are over ten thousand dollars where there's cash and most typically we see this with automobile dealerships we see this sometimes with jewelry stores and the cannabis industry has been identified as a potential industry where this is going to be a problem because they often don't have bank accounts so what types of transactions are we talking about as i said it is over ten thousand dollars in cash from the customer it doesn't matter whether it's goods or services it applies if you sell an item on an installment plan where the payments are over 12 m

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