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Department of the Treasury Internal Revenue Service. Report of Cash Payments Over $10,000 Received in a Trade or Business. See instructions for definition of cash. Use this form for transactions occurring after December 31, 2023. Do not use prior versions after this date.
The Form 8300, Report of Cash Payments Over $10,000 in a Trade or Business, provides valuable information to the Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) in their efforts to combat money laundering.
About Form 8300, Report of Cash Payments Over $10,000 Received In a Trade or Business. Each person engaged in a trade or business who, in the course of that trade or business, receives more than $10,000 in cash in one transaction or in two or more related transactions, must file this form.
Starting January 1, 2024, you must electronically file Forms 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, if you are required to file certain other information returns electronically (for example, Forms 1099 (series), Forms W-2, etc.). See Who must file , later.
Department of the Treasury Internal Revenue Service. Report of Cash Payments Over $10,000 Received in a Trade or Business. See instructions for definition of cash. Use this form for transactions occurring after December 31, 2004. Do not use prior versions after this date.
General Instructions. Who must file. Each person engaged in a trade or business who, in the course of that trade or business, receives more than $10,000 in cash in one transaction or in two or more related transactions, must file Form 8300.
Reference guide on the IRS/FinCEN form 8300, report of cash payments over $10,000 received in a trade or business
Generally, any person in a trade or business who receives more than $10,000 in cash in a single transaction or related transactions must complete a Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business PDF. Form 8300 is a joint form issued by the IRS and the Financial Crimes Enforcement Network (FinCEN) and is used by ...
Businesses that receive more than $10,000 in cash must report transactions to the U.S. government. Information reported on Form 8300 can help uncover tax evaders, criminals profiting from the drug trade and others committing potentially criminal conduct.
WASHINGTON —The Internal Revenue Service today announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return.