If your business accepts large cash transactions, you may have to report them to the IRS. Generally, a business that receives more than $10,000 in one cash transaction or related transactions must file Form 8300 (Report of Cash Payments over $10,000). Though many cash transactions are legitimate, information on Form 8300 can help the government thwart those who would evade taxes, profit from drug trading, finance terrorism or engage in other crimes. Taxpayers can save time and paperwork by e-filing Form 8300. Businesses can also voluntarily report suspicious transactions below $10,000, with anonymity. Here’s more from the IRS: https://bit.ly/2ZXza0O
