I purchased a vehicle and put 10,000 cash from home savings and dealer sent form 8300 to The IRS. What does The IRS do with these forms. Can it trigger an audit. Do they match them up with individual returns when I sent my return in. Is it a audit flag.
No it is not an audit flag. IRS Form 8300 is Report of Cash Payments Over $10,000 Received in a Trade or Business. It is used to help prevent money laundering. There is nothing for you to do with the form. Keep for your record of the payment.
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