Tax & Current Accounting Topics

IRS reminds businesses filing cash transaction reports about e-file option


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IRS reminds businesses filing cash transaction reports about e-file option; batch filing now available 

https://www.irs.gov/newsroom/irs-remi

https://accountinginstruction.info

The Internal Revenue Service reminds businesses required to file reports of large cash transactions that e-filing is a fast, easy and secure option for filing their reports. Now, businesses can batch file their reports, which is especially helpful to those required to file many forms.  Although businesses have the option of filing Form 8300, Report of Cash Payments Over $10,000, on paper, many have already found the free and secure e-filing system is a more convenient and cost-effective way to meet the reporting deadline. The form is due 15 days after a transaction and there's no charge for the e-file option.

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Tax & Current Accounting TopicsBy Robert (Bob) Steele