Question
Generally speaking, any individual or entity receiving more than _____ in cash in connection with a business transaction must report that cash transaction to the federal government on IRS/FinCEN Form 8300.
1. $5,000
2. $20,000
3. $50,000
4. $10,000
1. $5,000
2. $20,000
3. $50,000
4. $10,000
Answers
GPT-4o mini
Generally speaking, any individual or entity receiving more than **$10,000** in cash in connection with a business transaction must report that cash transaction to the federal government on IRS/FinCEN Form 8300. So the correct answer is:
4. $10,000
4. $10,000