How many days must dealers file form 8300 with the IRS after receiving $10,000 cash?

Dealers are required to file Form 8300 with the IRS to report cash transactions exceeding $10,000. When a dealer receives this amount in cash, they must file the form within 15 days following the transaction. This is in accordance with the regulations aimed at preventing money laundering and ensuring the government is notified of large cash transactions, which can be associated with illicit activities.

This prompt reporting obligation helps maintain transparency in financial dealings and assists in the enforcement of tax laws. It is crucial for dealers to comply with this regulation to avoid potential penalties or legal issues. The timelines established by the IRS for filing are designed to ensure that the government receives timely reporting on significant cash transactions.