Welcome to
Grand Canyon Planning Associates
“Trust, compassion, and integrity—that’s what our firm, Grand Canyon Planning is built upon. That’s our foundation.”
Welcome to
“Trust, compassion, and integrity—that’s what our firm, Grand Canyon Planning is built upon. That’s our foundation.”
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For more than 30 years, the professionals at Grand Canyon Planning Associates have provided comprehensive retirement, tax, and estate planning services to families throughout Arizona.
We offer complimentary and obligation-free meetings to find out more about your needs and to see if our services are right for you. Whether you are just starting out, well into your working years, getting ready to retire, or already retired, we can help you protect and preserve the legacy you’ve worked a lifetime to build.
Regardless of age, phase of life, or the size of your estate, everyone can benefit from estate planning: a living trust, a will, or powers of attorney.
At GCPA, we evaluate every aspect of your finances to create customized plans and solutions that will grow with you for your retirement planning.
Let us analyze your financial plan with a tax perspective to create tax-efficient solutions and identify ways to potentially reduce your taxes in retirement.
Reporting Cash Payments
Individuals, companies, corporations, partnerships, associations, trusts, and estates must report cash transactions of more than $10,000. These cash payments can include jewelry sales, a gift from a family member, an overseas purchase, or any other cash transaction. You also need to report cash payments received in one lump sum, in two or more related payments within 24 hours, or as part of a single transaction or two or more transactions in the previous year.
All you need to do is file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. The form requires information about the giver and receiver of the cash, a description of the transaction, and information about any other parties involved.
*This information is not intended to be a substitute for specific, individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.
Tip adapted from IRS.gov7
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