the IRS clarifies that businesses should not automatically check the “suspicious activity” box on Form 8300 simply because they operate in the marijuana industry. The memo highlights the ...

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 ...

The law applies to all businesses and must be reported on IRS Form 8300. The identity of both parties and the nature of the transaction must be disclosed. Individuals who fail to file can be ...

Businesses or trades who got paid $10,000 or more in cash for transactions will have to file an 8300 form for each one. “We, as business owners, now we need to report to the IRS the identity of ...