104°F
weather icon Clear

IRS urges businesses to e-file cash transaction reports

The Internal Revenue Service is urging businesses required to file reports of large cash transactions to take advantage of the speed and convenience of filing these reports electronically.

Although businesses have the option of filing Form 8300, Report of Cash Payments Over $10,000, on paper, many have already found that e-filing is a faster, more convenient and cost-effective way to meet the reporting deadline. The form is due 15 days after a transaction and there’s no charge for the e-file option.

Electronically filing Form 8300 is a secure way for businesses to send sensitive information to the IRS. Although many cash transactions are legitimate, information reported on this form can help stop those who evade taxes, profit from the drug trade and engage in terrorist financing and other criminal activities. The government can often trace money from these illegal activities through the payments reported on this and other cash reporting forms.

For more information, go to irs.gov

THE LATEST
More homes slated for Pahrump

One of the valley’s residential subdivisions is making its first move toward expansion in more than a decade, with the Nye County Commission approving a tentative map for what is known as Pleasant Valley earlier this month.

GriefShare celebrates 9 years of healing

This July marked the start of another year for the GriefShare chapter at Central Valley Baptist Church and in the last nine years, hundreds of lives have been changed by this nondenominational, multi-faceted support group. But the need is ever-present and GriefShare continues to pursue its mission of helping those who have faced loss through their journey from mourning to joy.

These local teens spent their summer building beds for kids in need

As part of the Step program, these teenagers worked with one of the valley’s ever-growing nonprofits, Nye County Sleep in Heavenly Peace (SHP), to construct brand new beds from scratch, each destined to end up in the homes of area children who don’t have a bed to call their own.

Don‘t fall for this latest phone scam

After receiving numerous complaints from area residents regarding threats of incarceration, the Nye County District Attorney’s Office is now warning individuals to ignore phone calls about jury duty.

Back to school: Where to get free supplies & essentials

It’s not always easy for families to afford everything that’s needed, particularly with inflation putting an additional pinch on parents’ pockets.

‘Buy in Nye’ awarded for helping 17 homeowners

The Buy in Nye homeownership program provided nearly $3.9 million in affordable mortgages and $288,000 in down-payment assistance to 17 Nye County families.

Solar recycling project denied

Along with the boom in solar energy generation projects, solar recycling is becoming more prevalent, resulting in companies looking to expand their operations to accommodate the new industry. One company, i-Quest Inc., was hoping to bring its own operations to the Pahrump Valley but Nye County commissioners shot down the idea at the board’s most recent meeting.

GALLERY: Winners from this year’s 4th of July Parade

A special ceremony was held this week to bestow the awards upon those organizations that took home top honors in this year’s Fourth of July Parade, sponsored by the Pahrump Holiday Task Force in partnership with the Pahrump Disability Outreach Program.