How many days do dealers have to file form 8300 under the federal cash reporting rule?

Dealers are required to file Form 8300 under the federal cash reporting rule within 15 days of receiving cash payments that exceed $10,000 in a single transaction or in related transactions. This requirement is in place to help the federal government monitor large cash transactions that could be indicative of money laundering or other financial crimes. The 15-day timeframe ensures timely reporting, allowing authorities to maintain oversight over significant cash dealings. Following this rule is critical for compliance and to avoid potential penalties or legal issues associated with the failure to report large cash transactions appropriately.