Generally, any person in a trade or business who receives more than $10,000 in cash in a single transaction or related transactions must complete a Form 8300 within 15 days after the date the cash was received. The business must also notify its customers, in writing, by January 31 of the subsequent calendar year that it has filed a Form 8300 regarding the cash transactions with the customer. The penalties are severe for non-compliance. Please contact us for a definition of cash, more details regarding this form, and a sample letter for notifying customers.

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