Dealer(s) told me they needed to run my credit report even though I'm... - Toyota Yaris Forums

b_hickman11 · 02-07-2009, 12:37 PM

http://www.irs.gov/compliance/enforc...113003,00.html

It doesnt matter what you are buying...... a car, boat, RV, groceries, beer, etc......if the transaction is more than $10,000 and was paid for in cash, ALL business must fill out an IRS form and send it to the feds. I use to work in a grocery store while I was in college and we would have people come in and wire money to different places all over the world. If it was over a certain amount, we had to have their SSN to fill out some forms. A lot of these laws have been around for decades but they got a lot stricter after 9/11.

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02-07-2009, 12:37 PM	#26
b_hickman11 Drives: 08 Sedan Join Date: Oct 2008 Location: Tyler, TX Posts: 899	http://www.irs.gov/compliance/enforc...113003,00.html It doesnt matter what you are buying...... a car, boat, RV, groceries, beer, etc......if the transaction is more than $10,000 and was paid for in cash, ALL business must fill out an IRS form and send it to the feds. I use to work in a grocery store while I was in college and we would have people come in and wire money to different places all over the world. If it was over a certain amount, we had to have their SSN to fill out some forms. A lot of these laws have been around for decades but they got a lot stricter after 9/11.