Form 8300 - Report Of Cash Payments Over 10,000 Received In A Trade Or Business Page 3
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5IRS Form 8300
3
FinCEN Form 8300
(Rev. 7-2012)
Page
(Rev. 7-2012)
Multiple payments. If you receive more
Section references are to the Internal
requirement can be satisfied either by
than one cash payment for a single
Revenue Code unless otherwise noted.
sending a single written statement with
an aggregate amount listed or by
transaction or for related transactions,
Future Developments. For the latest
furnishing a copy of each Form 8300
you must report the multiple payments
information about developments related
relating to that payer. Payments made to
any time you receive a total amount that
to Form 8300 and its instructions, such
satisfy separate bail requirements are
exceeds $10,000 within any 12-month
as legislation enacted after they were
period. Submit the report within 15 days
not required to be aggregated. See
published, go to
Treasury Regulations section 1.6050I-2.
of the date you receive the payment that
Important Reminders
causes the total amount to exceed
Casinos must file Form 8300 for
$10,000. If more than one report is
nongaming activities (restaurants, shops,
• Section 6050I (26 United States Code
required within 15 days, you may file a
etc.).
(U.S.C.) 6050I) and 31 U.S.C. 5331
combined report. File the combined
require that certain information be
Voluntary use of Form 8300. Form
report no later than the date the earliest
reported to the IRS and the Financial
8300 may be filed voluntarily for any
report, if filed separately, would have to
Crimes Enforcement Network (FinCEN).
suspicious transaction (see Definitions,
be filed.
This information must be reported on
later) for use by FinCEN and the IRS,
Taxpayer identification number (TIN).
IRS/FinCEN Form 8300.
even if the total amount does not
You must furnish the correct TIN of the
exceed $10,000.
• Item 33, box i, is to be checked only by
person or persons from whom you
clerks of the court; box d is to be
Exceptions. Cash is not required to be
receive the cash and, if applicable, the
checked by bail bondsmen. See Item 33
reported if it is received:
person or persons on whose behalf the
under Part III, later.
• By a financial institution required to file
transaction is being conducted. You may
• The meaning of the word “currency”
Form 104, Currency Transaction Report;
be subject to penalties for an incorrect
for purposes of 31 U.S.C. 5331 is the
or missing TIN.
• By a casino required to file (or exempt
same as for the word “cash” (See Cash
from filing) Form 103, Currency
The TIN for an individual (including a
under Definitions, later).
Transaction Report by Casinos, if the
sole proprietorship) is the individual’s
cash is received as part of its gaming
social security number (SSN). For certain
General Instructions
business;
resident aliens who are not eligible to get
an SSN and nonresident aliens who are
Who must file. Each person engaged in
• By an agent who receives the cash
required to file tax returns, it is an IRS
a trade or business who, in the course
from a principal, if the agent uses all of
Individual Taxpayer Identification
of that trade or business, receives more
the cash within 15 days in a second
Number (ITIN). For other persons,
transaction that is reportable on Form
than $10,000 in cash in one transaction
including corporations, partnerships, and
or in two or more related transactions,
8300 or on Form 104, and discloses all
estates, it is the employer identification
must file Form 8300. Any transactions
the information necessary to complete
number (EIN).
conducted between a payer (or its
Part II of Form 8300 or Form 104 to the
agent) and the recipient in a 24-hour
recipient of the cash in the second
If you have requested but are not able
transaction;
period are related transactions.
to get a TIN for one or more of the
Transactions are considered related
parties to a transaction within 15 days
• In a transaction occurring entirely
even if they occur over a period of more
following the transaction, file the report
outside the United States. See
than 24 hours if the recipient knows, or
and attach a statement explaining why
Publication 1544, Reporting Cash
has reason to know, that each
the TIN is not included.
Payments of Over $10,000 (Received in
transaction is one of a series of
a Trade or Business), regarding
Exception: You are not required to
connected transactions.
transactions occurring in Puerto Rico
provide the TIN of a person who is a
and territories and possessions of the
Keep a copy of each Form 8300 for 5
nonresident alien individual or a foreign
years from the date you file it.
United States; or
organization if that person or foreign
organization:
Clerks of federal or state courts must
• In a transaction that is not in the
file Form 8300 if more than $10,000 in
course of a person’s trade or business.
• Does not have income effectively
cash is received as bail for an
connected with the conduct of a U.S.
When to file. File Form 8300 by the
individual(s) charged with certain criminal
trade or business;
15th day after the date the cash was
offenses. For these purposes, a clerk
received. If that date falls on a Saturday,
• Does not have an office or place of
includes the clerk’s office or any other
Sunday, or legal holiday, file the form on
business, or a fiscal or paying agent in
office, department, division, branch, or
the next business day.
the United States;
unit of the court that is authorized to
Where to file. File the form with the
• Does not furnish a withholding
receive bail. If a person receives bail on
Internal Revenue Service, Detroit
certificate described in §1.1441-1(e)(2) or
behalf of a clerk, the clerk is treated as
Computing Center, P.O. Box 32621,
(3) or §1.1441-5(c)(2)(iv) or (3)(iii) to the
receiving the bail. See Item 33 under
Detroit, Ml 48232.
extent required under §1.1441-1(e)(4)(vii);
Part III, later.
or
Statement to be provided. You must
If multiple payments are made in cash
give a written or electronic statement to
• Does not have to furnish a TIN on any
to satisfy bail and the initial payment
each person named on a required Form
return, statement, or other document as
does not exceed $10,000, the initial
8300 on or before January 31 of the
required by the income tax regulations
payment and subsequent payments
year following the calendar year in which
under section 897 or 1445.
must be aggregated and the information
the cash is received. The statement
return must be filed by the 15th day after
Penalties. You may be subject to
must show the name, telephone number,
receipt of the payment that causes the
penalties if you fail to file a correct and
and address of the information contact
aggregate amount to exceed $10,000 in
complete Form 8300 on time and you
for the business, the aggregate amount
cannot show that the failure was due to
cash. In such cases, the reporting
of reportable cash received, and that the
reasonable cause. You may also be
information was furnished to the IRS.
subject to penalties if you fail to furnish
Keep a copy of the statement for your
timely a correct and complete statement
records.
to each person named in a required
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