The Rules for Filing IRS Form 8300

New anti-money-laundering (AML) rules for jewelers are reinforcing the need for them to file an IRS form 8300 for cash transactions of $10,000 or more. The laws requiring the filing of 8300s have been in effect for many years and are not actually part of the PATRIOT Act. Still, the PATRIOT Act’s AML rules have highlighted them, resulting in a flurry of calls to the Jewelers Vigilance Committee. Here, JVC—while stressing that this article is not meant as any form of legal advice—answers frequently asked questions on the topic. For more information on anti-money-laundering programs, visit jvclegal.org, or call JVC at (212) 997-2002. When must I file Form 8300? As a jewelry seller, you must file an IRS form 8300 whenever you receive cash (or cash equivalents) in the amount of $10,000 or more. They also must be filled out when you receive cash for a series of related transactions
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