Dealers who receive more than $10,000 in cash in a single transaction or in related transactions must file Form 8300 with the IRS by the 15th day after the date the cash transaction occurred. Besides filing Form 8300, you also need to provide a written statement to each party whose name you included on the Form 8300 by Jan. 31 of the year following the reportable transaction. This statement must include the name, address, contact person and telephone number of your business and the aggregate amount of reportable cash. The statement must also indicate that you provided this information to the IRS.
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