When Do You Report Cash Payments Over $10,000?

40 Cayman Financial Review 48 (2015)

2 Pages Posted: 3 Sep 2015 Last revised: 3 Oct 2015

See all articles by Jack Manhire

Jack Manhire

Texas A&M University School of Innovation; Bush School of Government & Public Service

Date Written: September 1, 2015

Abstract

The IRS recently reminded businesses in U.S. territories that they are subject to the rules requiring the reporting of cash payments over $10,000 on Form 8300 (IR-2015-81). Yet, this reminder leaves those who do business in the United States and its territories no clearer about how the law applies to them and what legal obligations they might have to the U.S. government. This article attempts to clarify the rather complex U.S. laws requiring people to file Forms 8300 by offering a brief recount of the key provisions.

Keywords: banking, Form 8300, report cash, tax

JEL Classification: F30, H2, E5, G2, G21, F3

Suggested Citation

Manhire, Jack, When Do You Report Cash Payments Over $10,000? (September 1, 2015). 40 Cayman Financial Review 48 (2015), Available at SSRN: https://ssrn.com/abstract=2654511

Jack Manhire (Contact Author)

Texas A&M University School of Innovation

1249 TAMU
College Station, TX 77843-1249
United States

Bush School of Government & Public Service ( email )

4220 TAMU
College Station, TX 76845
United States

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