What cash sale documents do I need for a heavy equipment sale in Elizabeth City, Georgia?
For a cash sale heavy equipment transaction in Elizabeth City, you need: Count and verify cash amount before signing bill of sale; Issue a dated receipt acknowledging full payment; Determine if IRS Form 8300 filing is required (>$10,000 cash); Sign and deliver the title and bill of sale simultaneously with payment; Photograph the cash exchange or use a witness for high-value sales; Record the actual cash price on the bill of sale; Buyer pays 6.6% TAVT at county tag office (based on state fair market value); Get a signed receipt for the cash payment; Transfer title within 30 days.