Form 8300 - Report Of Cash Payments Over 10,000 Dollars Received In A Trade Or Business Page 3
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5IRS Form 8300
3
FinCEN Form 8300
(Rev. 8-2014)
Page
(Rev. 8-2014)
Section references are to the Internal
aggregate Form 8300 amounts listed
cash is received. The statement must
Revenue Code unless otherwise noted.
relating to that payer. Payments made to
show the name, telephone number, and
satisfy separate bail requirements are
address of the information contact for
Future Developments
not required to be aggregated. See
the business, the aggregate amount of
Treasury Regulations section 1.6050I-2.
reportable cash received, and that the
For the latest information about
information was furnished to the IRS.
developments related to Form 8300 and
Casinos must file Form 8300 for
Keep a copy of the statement for your
its instructions, such as legislation
nongaming activities (restaurants, shops,
records.
enacted after they were published, go to
etc.).
Multiple payments. If you receive more
Voluntary use of Form 8300. Form
than one cash payment for a single
8300 may be filed voluntarily for any
Important Reminders
transaction or for related transactions,
suspicious transaction (see Definitions,
you must report the multiple payments
• Section 6050I (26 United States Code
later) for use by FinCEN and the IRS,
any time you receive a total amount that
(U.S.C.) 6050I) and 31 U.S.C. 5331
even if the total amount does not
exceeds $10,000 within any 12-month
require that certain information be
exceed $10,000.
period. Submit the report within 15 days
reported to the IRS and the Financial
Exceptions. Cash is not required to be
of the date you receive the payment that
Crimes Enforcement Network (FinCEN).
reported if it is received:
causes the total amount to exceed
This information must be reported on
• By a financial institution required to file
$10,000. If more than one report is
IRS/FinCEN Form 8300.
FinCEN Report 112, BSA Currency
required within 15 days, you may file a
• Item 33, box i, is to be checked only by
Transaction Report (BCTR);
combined report. File the combined
clerks of the court; box d is to be
report no later than the date the earliest
• By a casino required to file (or exempt
checked by bail bondsmen. See Item 33
report, if filed separately, would have to
from filing) FinCEN Report 112, if the
under Part III, later.
be filed.
cash is received as part of its gaming
• The meaning of the word “currency”
business;
Taxpayer identification number (TIN).
for purposes of 31 U.S.C. 5331 is the
You must furnish the correct TIN of the
• By an agent who receives the cash
same as for the word “cash” (See Cash
person or persons from whom you
from a principal, if the agent uses all of
under Definitions, later).
receive the cash and, if applicable, the
the cash within 15 days in a second
person or persons on whose behalf the
General Instructions
transaction that is reportable on Form
transaction is being conducted. You may
8300 or on FinCEN Report 112, and
be subject to penalties for an incorrect
Who must file. Each person engaged in
discloses all the information necessary
or missing TIN.
a trade or business who, in the course
to complete Part II of Form 8300 or
of that trade or business, receives more
FinCEN Report 112 to the recipient of
The TIN for an individual (including a
than $10,000 in cash in one transaction
the cash in the second transaction;
sole proprietorship) is the individual’s
or in two or more related transactions,
social security number (SSN). For certain
• In a transaction occurring entirely
must file Form 8300. Any transactions
resident aliens who are not eligible to get
outside the United States. See
conducted between a payer (or its
an SSN and nonresident aliens who are
Publication 1544, Reporting Cash
agent) and the recipient in a 24-hour
required to file tax returns, it is an IRS
Payments of Over $10,000 (Received in
period are related transactions.
Individual Taxpayer Identification
a Trade or Business), regarding
Transactions are considered related
Number (ITIN). For other persons,
transactions occurring in Puerto Rico
even if they occur over a period of more
including corporations, partnerships, and
and territories and possessions of the
than 24 hours if the recipient knows, or
estates, it is the employer identification
United States; or
has reason to know, that each
number (EIN).
• In a transaction that is not in the
transaction is one of a series of
If you have requested but are not able
course of a person’s trade or business.
connected transactions.
to get a TIN for one or more of the
When to file. File Form 8300 by the
Keep a copy of each Form 8300 for 5
parties to a transaction within 15 days
15th day after the date the cash was
years from the date you file it.
following the transaction, file the report
received. If that date falls on a Saturday,
and use the comments section on page
Clerks of federal or state courts must
Sunday, or legal holiday, file the form on
2 of the form to explain why the TIN is
file Form 8300 if more than $10,000 in
the next business day.
not included.
cash is received as bail for an
Where to file. File the form with the
individual(s) charged with certain criminal
Exception. You are not required to
Internal Revenue Service, Detroit
offenses. For these purposes, a clerk
provide the TIN of a person who is a
Computing Center, P.O. Box 32621,
includes the clerk’s office or any other
nonresident alien individual or a foreign
Detroit, Ml 48232.
office, department, division, branch, or
organization if that person or foreign
You may be able to
unit of the court that is authorized to
organization:
electronically file Form 8300
receive bail. If a person receives bail on
TIP
• Does not have income effectively
behalf of a clerk, the clerk is treated as
using FinCEN's Bank Secrecy
connected with the conduct of a U.S.
receiving the bail. See Item 33 under
Act (BSA) Electronic Filing
trade or business;
Part III, later.
(E-Filing) System as an alternative
• Does not have an office or place of
method to filing a paper Form 8300. To
If multiple payments are made in cash
business, or a fiscal or paying agent in
get more information, visit the BSA
to satisfy bail and the initial payment
the U.S.;
E-Filing System, at
does not exceed $10,000, the initial
• Does not furnish a withholding
payment and subsequent payments
main.html.
certificate described in §1.1441-1(e)(2) or
must be aggregated and the information
(3) or §1.1441-5(c)(2)(iv) or (3)(iii) to the
Statement to be provided. You must
return must be filed by the 15th day after
extent required under §1.1441-1(e)(4)(vii);
receipt of the payment that causes the
give a written or electronic statement to
or
each person named on a required Form
aggregate amount to exceed $10,000 in
8300 on or before January 31 of the year
cash. In such cases, the reporting
• Does not have to furnish a TIN on any
requirement can be satisfied by sending
following the calendar year in which the
return, statement, or other document as
a single written statement with the
required by the income tax regulations
under section 897 or 1445.
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