If, 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 Payments Over $10,000 Received in a Trade or Business. Publication 1544 explains why, when, and where to report these cash payments. It also discusses the substantial penalties for not reporting them. Current revision Publication 1544 (Print version PDF | eBook EPUB) Recent developments None at this time. Other items you may find useful All revisions for Publication 1544 About Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business Taxpayer Advocate Service Other current products Related items About Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C) About Publication 583, Starting a Business and Keeping Records
