Businesses who accept cryptocurrency as payment were relieved to hear that the IRS has delayed the requirement for reporting digital asset transactions that exceed $10,000 on Form 8300 until ...

The IRS form 8300 should be completed while the customer is present to ensure the required specific information is accurate. The basic information needed to complete the form: the payer’s complete ...

If it was worth more than $10,000 the car dealership will file with the IRS a Form 8300 reporting your transaction. And you may need to report a capital gain or loss on the transaction.

Of course, cash is income. However, cash tax forms are rarely required. You must file IRS Form 8300, if your business receives over $10,000 in cash from one buyer in a single transaction or ...

Tax filing season starts on January 27th, with this year’s season bringing some new requirements, according to Tyler CPA Juan ...