How many days does a dealer have to file Form 8300 after receiving more than $10,000 cash?

A dealer is required to file Form 8300 with the IRS within 15 days after receiving cash over $10,000 in a single transaction or multiple related transactions. This form is essential for reporting large cash transactions to help prevent money laundering and other illicit financial activities.

The 15-day deadline ensures that the IRS is promptly informed about significant cash dealings, allowing them to monitor and regulate potential financial irregularities. Timely reporting is crucial in maintaining compliance with federal laws regarding cash transactions, keeping businesses transparent and accountable. Understanding this requirement is key for motor vehicle dealers, as it directly affects their responsibilities when handling large sums of cash from customers.