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El Paso New Car Dealers Association | Contact Us
Immediate Past President: Gerald E. Miller (Honda of El Paso)
Meet Us - El Paso Honda
Gerald Miller General Manager
Event moderators were Dr. Kathleen ...
Event moderators were Dr. Kathleen Staudt, a UTEP political science professor; Gerald Miller, general manager of El Paso Honda; Felipa Solis, executive director of El Paso Pro Musica; and Anthony Martinez, publisher and editor-in-chief of Newspaper Tree.
Gerald Miller, general ...
Gerald Miller, general manager of El Paso Honda, said the dealership went through a Form 8300 audit by the IRS about two months ago.
It was the first time in his 15 years of managing the East Side dealership that it has had such an audit, he said.
The IRS agent told Miller
that the agency is "spot-checking" auto dealers, furniture stores and other sellers of high-ticket items for compliance with Form 8300 filings "because money laundering is being more of an issue these days," Miller
said El Paso Honda
has a handful of $10,000-plus cash transactions each year that it reports on Form 8300.
This year has been unusual because it has already reported four transactions, all in March and April, he
"We might see a couple of cash deals a month," but most of them don't have to be reported because the customer is paying with a personal check or a cashier's check over $10,000, Miller
Cash transactions usually are for large down payments or to buy a used car.
They usually involve someone who has saved money for the deal, Miller
Employees involved in processing sales at the dealership know what a Form 8300 is and what has to be reported.
It is easy to monitor when the same customer purchases cars, he
But the government came through in ...
But the government came through in the end and got everybody paid, except for a few exceptions," said Gerald Miller, general manager of El Paso Honda.
"Unfortunately, after the clunkers (program ended), sales dropped. ...
I went from one of my best months in El Paso Honda (20-year) history to one of my slowest months" in September.
El Paso Honda
received more than $400,000 by the end of September for about 120 clunkers traded in by new-car buyers during the monthlong program.
It's waiting to get paid for one car, which was still being reviewed last week by the federal agency handling the program, Miller