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Irs Form 8300 Fillable

Irs Form 8300 Fillable

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Video instructions and help with filling out and completing Irs Form 8300 Fillable

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Instructions and help about Irs Form 8300 Fillable

okay for this video i want to cover the irs form 8300 this is used to report cash payments you receive as part of your trade or business that exceed 10 000 in any one transaction okay so i've got an example 8300 in front of us that we'll walk through and then i've also got a slide here that covers some of the rules and some of the high level points and then the fact pattern that we'll be uh working with so the 8300 again it's filed by a business if it receives cash or some type of cash equivalent and the payment exceeds ten thousand dollars in that transaction so if you're a business and you're selling consulting services or your law firm and you're selling your time right legal services if you have a client that pays you more than ten thousand dollars to settle the invoice and it's in cash you've got to file the 8 300. this also applies to a business let's say they're selling some type of inventory product right they're selling it's a hardware store that's selling lumber if they have

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