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A customer wired $7,000 from his bank account to the dealerships bank account and also presented a $4,000 cashier check. Does the dealership complete Form 8300?

April 26, 2017bank account Cashier COMPLETE customer Dealership presented wired

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A customer wired $7,000 from his bank account to the dealerships bank account and also presented a $4,000 cashier check. Does the dealership complete Form 8300?

1 Answer

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10 Posted

A wire transfer does not constitute cash for Form 8300 reporting. Since the remaining cash remitted was below $10,000, the dealer has no filing requirement.