2000 Tax Help Archives  

Publication 1544 2000 Tax Year

Examples

This is archived information that pertains only to the 2000 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Example 1. Pat Brown is the sales manager for Small Town Cars. On July 1, 1997, Jane Smith buys a new car from Pat and pays $18,000 in cash. Pat asks for identification from Jane to get the necessary information to complete Form 8300. A filled-in form is shown in this publication.

Pat must mail the form to the address shown in the form's instructions by July 16, 1997. He must also send a statement to Jane by January 31, 1998.

Example 2. Using the same facts given in Example 1, suppose Jane had arranged to make cash payments of $6,000 each on July 1, August 1, and September 1. Pat would have to file a Form 8300 by August 16 because he would have received two cash payments within one year (July and August) that total over $10,000. Pat would not have to report the remaining $6,000 cash payment because it is not more than $10,000. However, he could report it if he felt it was a suspicious transaction.

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