Publication 1544 |
2001 Tax Year |
Introduction
If, in a 12-month period, you receive more than $10,000 in cash
from one buyer as a result of a transaction in your trade or business,
you must report it to the Internal Revenue Service (IRS) on Form 8300,
Report of Cash Payments Over $10,000 Received in a Trade or
Business.
This publication explains why, when, and where to report these cash
payments. It also discusses the substantial penalties for not
reporting them.
Some organizations do not have to file Form 8300, including
financial institutions who must file Form 4789, Currency
Transaction Report, and casinos who must file Form 8362,
Currency Transaction Report by Casinos. They are not discussed
in this publication.
This publication explains key issues and terms related to Form
8300. You should also read the instructions attached to the form. They
explain what to enter on each line.
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