Hi everyone, I heard that dealership may complain on you to tax service etc. in case you buying expansive car. Who know the limit to stay in shadow?, is there state difference, payment type.?
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Any persons who receive more than $10,000 while conducting their trade or business must file a Form 8300. The $10,000 may occur in a single transaction, or a series of related transactions.
This only applies to CASH transactions. In addition to that, all financial institutions are required to report any cash transactions over $10k as well.
My question is...
Wouldn't you be afraid of carrying that much cash???