David J
Talk Show Host, Tax and Business Advisor, Financial Educator, and photography lover
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Money Talk
Infinity Financial Advisors
Infinity Education Center
12/07/2023
Starting January 1, 2024, businesses filing 10 or more information returns are required to e-file Form 8300, reporting cash payments over $10,000, instead of using paper returns. If you have fewer returns, e-filing is optional. To e-file, set up an account with the Financial Crimes Enforcement Network's BSA E-Filing System, ensuring IRS privacy and security.
Businesses receiving over $10,000 in cash must report to the U.S. government. Form 8300 helps uncover tax evaders and those involved in criminal activities.
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5555 West Loop South Ste 420
Bellaire, TX
77401
07/11/2023