The IRS has begun an attack on taxpayers who deal in cash. Beginning January 1, 2024, any business that receives more than $10,000 in cash payments from a customer/client will be required to File Form 8300. To compound matters, if the business issues more than 10 information returns in a year (W-2’s, 1099’s, etc.) then the business is required to E-FILE form 8300!
I can help you navigate these draconian tax laws and rules. Call me anytime 619-497-1040 ~Anthony Imbimbo CPA