Posted inOpinion

Opinion: Got a Cash-Heavy Business? Be Sure to Get on the IRS’ Good Side

Cash-intensive businesses are audited by the IRS in higher numbers than other organizations, if only because these types of transactions do not lend themselves well to third-party reporting. The federal government attempts to combat this problem with IRS Form 8300, which documents transactions greater than $10,000. That still leaves other, smaller exchanges less reportable, but […]