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If the business is unable to obtain the Taxpayer Identification Number of a customer making a cash payment of over $10,000, should the business file Form 8300 anyway?

April 26, 2017Business cash customer Identification obtain payment taxpayer

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If the business is unable to obtain the Taxpayer Identification Number of a customer making a cash payment of over $10,000, should the business file Form 8300 anyway?

1 Answer

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Yes, the business should file Form 8300 with a statement explaining why the Taxpayer Identification Number is not included.