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Get Of 5 Prepared By Treasury Office. This Is A New Policy. A8.760 ...

Nal Revenue Code (IRC) 6050I, each person/business engaged in a trade or business who receives more than $10,000 in cash, in any 12-month period, in a single transaction or in two or more related transactions, must file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, with the Internal Revenue Service (IRS) within 15 days of the transaction(s). The IRS reports this information to the Financial Crimes Enforcement Network (FinCEN). A transaction may not be divided.

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