Tax Guru-Ker$tetter Letter
Friday, March 12, 2004
Counterfeit Stamp Use on the Rise - With the cost of postage always going up, and higher denomination stamps being issued (we buy lots of $3.85 stamps for Priority Mail), this shouldn't be a surprise. Postage stamps are just like cash, and I can remember back when people did use them as a means of sending payments through the mail. I've long wondered why IRS didn't include postage stamps as a "cash equivalent" on Form 8300, where cash transactions of over $10,000 are to be reported.