Large Cash Transactions: The IRS Needs to Know Fresno CA
If your business is ever aparty to large cash transactions, you should have written procedures in place,prepared with advice from legal counsel, concerning how to handle suchtransactions. All of your employees should be well trained in cash reportingprocedures, especially those that are involved in processing the transaction.Failure to comply with cash reporting regulations could cause your business tobe suspected of money laundering, violating cash reporting laws and fined forthe cash reporting violations.
Mr. Martin McCann (RFC®), CHFC, CSA, LUTCF
559 226 4546 x11
5150 N. 6th St. #132
Fresno, CA
Mr. Martin McCann (RFC®), CHFC, CSA, LUTCF
559 226 4546 x11
5150 N. 6th St. #132
Fresno, CA 93710
Company
One America Financial
Qualifications
Education: Bachelor of Science in Business Administration
Years of Experience: 16
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell, Compensation Plans
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Katarina & Margarita's Taxes
(559) 441-8501
3037 E Belmont Ave
Fresno, CA
Katarina & Margarita's Taxes
(559) 441-8501
3037 E Belmont Ave
Fresno, CA 93701
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H&R Block
(559) 268-7907
722 E OLIVE Ave
FRESNO, CA
H&R Block
(559) 268-7907
722 E OLIVE Ave
FRESNO, CA 93728
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H&R Block
(559) 237-2029
1578 N FIRST ST
FRESNO, CA
H&R Block
(559) 237-2029
1578 N FIRST ST
FRESNO, CA 93703
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Realty Connection
(559) 221-5210
668 E Shields Ave
Fresno, CA
Realty Connection
(559) 221-5210
668 E Shields Ave
Fresno, CA 93704
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Leon Tax Svc & Assoc
(559) 442-4059
452 N Blackstone Ave
Fresno, CA
Leon Tax Svc & Assoc
(559) 442-4059
452 N Blackstone Ave
Fresno, CA 93701
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J & M Anaya
(559) 233-5313
326B N Blackstone Ave
Fresno, CA
J & M Anaya
(559) 233-5313
326B N Blackstone Ave
Fresno, CA 93701
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Fuentez Mary R Tax Service Inc.
(559) 225-7593
2936 N Cedar Ave
Fresno, CA
Fuentez Mary R Tax Service Inc.
(559) 225-7593
2936 N Cedar Ave
Fresno, CA 93703
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Bob's Tax Svc
(559) 448-8410
5258 N Maroa Ave
Fresno, CA
Bob's Tax Svc
(559) 448-8410
5258 N Maroa Ave
Fresno, CA 93704
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Liberty Tax Service
(866) 871-1040
4212 E Kings Canyon Rd
Fresno, CA
Liberty Tax Service
(866) 871-1040
4212 E Kings Canyon Rd
Fresno, CA 93702
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If your business is ever a party to large cash transactions, you should have written procedures in place, prepared with advice from legal counsel, concerning how to handle such transactions. All of your employees should be well trained in cash reporting procedures, especially those that are involved in processing the transaction. Failure to comply with cash reporting regulations could cause your business to be suspected of money laundering, violating cash reporting laws and fined for the cash reporting violations. Knowing what transactions are reportable is necessary to comply with the cash reporting regulations. You are responsible for reporting to the IRS any sale that meets the following conditions: 1. The customer pays with more than $10,000 in cash. Cash includes domestic/ foreign currency. (Note: personal checks, business checks, certified personal or business checks (the kind that are from a bank), and proceeds from a loan are not considered cash.) 2. The customer pays with a cashier’s check, bank draft, traveler’s check, or money order with a face value of not more than $10,000 that is either received in a designated reporting transaction or received in any transaction where you know and/or suspect that the cashier’s check, bank draft, traveler’s check, or money order is being used to avoid the reporting of the transaction. A “designated reporting transaction,” is defined as a retail sale of a consumer durabl... |
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