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Over $10,000 Payments of Reporting Cash - IRS tax forms

Future DevelopmentsFor the latest information about developments related to Publication 1544, such as legislation enacted after it was published, go to 's NewElectronic filing. You may be able to file form 8300 by using FinCEN's Bank Secrecy Act (BSA) Electronic Filing (E-Filing) System. See When, Where, and What To File, , 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) and the Financial Crimes Enforcement Network (FinCEN) on form 8300, Report of Cash Pay ments Over $10,000 Received in a Trade or publication explains why, when, and where to report these cash Payments . It also discusses the substantial penalties for not re-porting organizations do not have to file form 8300, including financial institutions and casi-nos who must file FinCEN Report 112, BSA Currency Transaction Report (BCTR).

Foreign transactions. You do not have to file Form 8300 if the entire transaction (including the receipt of cash) takes place outside of: The 50 states, The District of Columbia, Puerto Rico, or A possession or territory of the United States. However, you must file Form 8300 if any part of the transaction (including the receipt of cash)

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