AFIP CERT QUIZ QUESTIONS -
IRS/FINCEN FORM 8300 CASH
REPORTING RULE QUESTIONS
WITH CORRECT ANSWERS,
SCORED A+!!
AFIP
Evatee 9/15/24 AFIP
, AFIP CERT QUIZ QUESTIONS - IRS/FINCEN
FORM 8300 CASH REPORTING RULE
QUESTIONS WITH CORRECT ANSWERS,
SCORED A+!!
Wire transfer constitutes cash for Form 8300 reporting.
A. True
B. False Answer - B. False
If in the course of paying for a vehicle, a customer gives a dealership seven
cashier's checks, each with a face amount of less than $10,000, but the total
amount paid is greater than $10,000, what should the dealership do?
A. File a form because it's a suspicious transaction
B. File a form because it's a cease and desist
C. File the form because it's a related transaction (24 hours)
D. Do not file the form because it's a suspicious transaction
E. A, B and C
F. None of the above Answer - A. File a form because it's a suspicious
transaction
A credit-challenged customer paid $15,000 cash down for a vehicle with the
$27,000 balance to be financed. However, no credit source would accept the
deal, even with the large downpayment, and the transaction was terminated.
In this case, _______
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