To: JD86
Allow me to set you and all others straight ...the $10,000.00 reporting requirment means anything the US Treasury deems as cash....ie...bank checks (not drawn on your bank) money orders,cash,gold,silver pre 64 US coins the only thing not classified as cash is a personal check...it has your name on it! As a business owner I am required to keep all cash transactions on the books for a full calender year from date of purchase if the client exceeds $10,000.00 in purchases using anything but a personal check it becomes reportable
Who Must File Form 8300?
54 posted on
11/23/2001 6:23:06 PM PST by
robnoel
To: robnoel
Forgot to ad....the only difference with this new expanded reporting reqirment in the "patriot act"is that it gives immunity from lawsuits if a business blows a call in reporting you to a federal agency....
60 posted on
11/23/2001 6:30:56 PM PST by
robnoel
To: robnoel
Allow me to set you and all others straight Thanks for the offer, but I don't see where you have added much. You say $10,000 cash transaction in one day....
so what did we miss?....that you have to keep a record for a year? You may be irritated at the law...but don't take it out on us,
we were asking questions...we didn't write the law.
62 posted on
11/23/2001 6:33:11 PM PST by
JD86
To: robnoel
pre 64 US coins It must really irritate you when they come in with $10,000 worth of pre 64 US coins...:)
68 posted on
11/23/2001 6:36:33 PM PST by
JD86
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