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Pers Msd 368 Form

Pers Msd 368 Form

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we'll be going over IRS form 8300 report of cash payments over $10,000 received in a trade or business so as a result of a federal law passed Back in 1970 known as the bank secrecy act the Federal Law requires businesses to report large cash cash transactions uh greater than $10,000 to the IRS and the financial crimes enforcement Network also known as Fen taxpayers generally do this by filing IRS form 8300 which is the report of cash payments over $10,000 received in a trade or business so before we go over the four parts to this tax form what I'd like to do is maybe go over a couple of key Concepts that are pretty pertinent to this form so a new requirement is that as of of January 1st 2024 taxpayers who must already file information returns electronically must also eile IRS form 8300 you cannot submit uh this form via paper copy if you're already uh filing electronically other documents and uh other documents meaning form 1099s deut 2s and currently the requir

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