According to the Internal Revenue Code of 1986 (Code) and the Bank Secrecy Act (BSA), persons engaged in a trade or business must complete and file a Form 8300 (Report of Cash Payments Over ...

Summary – Account Receivable Cash Payment is a Reportable Form 8300 Activity. Here, in our example, because the business in question, in the course of its trade or business, ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.

The payment apps were previously required to send users Form 1099-K if their gross income exceeded $20,000 or they had 200 separate transactions within a calendar year.