File cash transaction reports for your business — on paper or electronically - Crawford Ellenbogen

Does your business receive large amounts of cash or cash equivalents such as bank checks? You may be required to submit forms to the IRS to report these transactions. Each person engaged in a trade or business who receives more than $10,000 in cash in one transaction, or in two or more related transactions, must file Form 8300. Any transactions conducted in a 24-hour period are considered related transactions. Businesses required to file Form 8300 should know that in addition to filing on paper, e-filing is an option. The form is due 15 days after a transaction. Businesses that file electronically get an automatic acknowledgment of receipt when they file. Contact us with questions.