Tax Tip 2019-49: Here’s what people should know about reporting cash payments
Internal Revenue Service (IRS) sent this bulletin at 04/29/2019 11:42 AM EDT
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Issue Number: Tax Tip 2019-49Here’s what people should know about reporting cash payments Federal law requires a person to report cash transactions of more than $10,000 to the IRS. Here are some facts about reporting these payments. Who’s covered
How to report A person can file Form 8300 electronically using the Financial Crimes Enforcement Network’s BSA E-Filing System. E-filing is free, quick and secure. Filers will receive an electronic acknowledgement of each form they file. Those who prefer to mail Form 8300 can send it to the IRS at the address listed on the form. What’s cash A person must report cash of more than $10,000 they received:
When to file
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