Free Government Money For Individuals
For Form 8300 reports, cash includes the currency of the United States or any foreign country. It is also a cashier's check (sometimes called a treasurer's check or bank check), traveler's check, or money order with a nominal amount of $ 10,000 or less that a person receives for:
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A designated report transaction or
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Any transaction in which the person knows that the payer tries to avoid a report.
Please note that, under a separate reporting requirement, banks and other financial institutions report cash purchases of cashier's checks, cashier's checks, money orders, traveler's checks and money orders with a face value of more than $ 10,000 when filing Transaction reports in currency.
A designated report transaction is the retail sale of tangible personal property that is generally suitable for personal use, which is expected to last at least one year and that has a retail price of more than $ 10,000. Some examples are sales of cars, jewelry, mobile homes and furniture.
A designated report transaction is also the sale of a collector's item, such as a work of art, carpet, antique, metal, stamp or coin. It is also the sale of travel and entertainment, if the total price of all items for the same trip or entertainment event is more than $ 10,000.
A person must file Form 8300 if they receive cash of more than $ 10,000 from the same payer or agent:In a lump sum. In two or more related payments within 24 hours. For example, a 24-hour period is from 11 am on Tuesday to 11 am on Wednesday. As part of a single transaction or two or more related transactions within 12 months. Weekly cash lease payments from a taxi driver to a taxi company within 12 months are considered the same transaction. The taxi company must submit Form 8300 when the total amount exceeds $ 10,000. Then, if the company receives more than $ 10,000 in cash in additional driver payments within 12 months, the company must submit another Form 8300. Landlords must submit Form 8300 once they have received more than $ 10,000 in cash for a lease during the year. However, a person who is not engaged in the administration or leasing of real estate, such as someone who rents his vacation home for part of the year, does free government money for individuals not need to report a cash receipt of more than $ 10,000. A bail bond agent must file Form 8300 when he receives more than $ 10,000 in cash from a person. This applies to payments from people who have been arrested or anticipate arrest. The agent must submit the form, even if he has not provided a service when he received the cash.
You are not alone. Many people fall behind in their payments at some point in their life. Don't worry — you can't be jailed. Having debt is not a crime.
You may be thinking that the answer to your problems is to declare bankruptcy. But it is not convenient for everyone. Chapter 7 bankruptcy is a legal process that eliminates certain debts and gives you an opportunity to start over, but does not eliminate all debts. You will continue to have to pay child support, spousal support, unpaid taxes, your mortgage and student loans secured by the federal government. Chapter 13 bankruptcy can help you establish a payment plan to settle your debts. If you are thinking about filing for bankruptcy, talk to a lawyer to find out what your options.
if you owe someone money but don't pay it, the creditor can sue you. If a creditor demands it and wins, the court will file a judgment (also called an order ) against you that says you have to pay the debt. However, if your money and assets are protected, your creditors cannot take them away. This type of judgment can be valid for 10 to 20 years and can be renewed by the creditor. You will not have to pay as long as your situation remains the same during those 10 to 20 years. But if it changes — for example, you go back to work and earn enough money — you may have to pay the debt