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IRS Form 8300 is a critical document businesses and individuals use to report cash payments over $10,000 received in a single transaction or a series of related transactions. This reporting is mandated under the Bank Secrecy Act and the Internal Revenue Code to assist the government in tracking large sums of currency and prevent illegal activities such as money laundering. Form 8300 must be filed by any entity that receives more than $10,000 in cash in one transaction or two or more related transactions within a 24-hour.
The form requires details about the person or organization making the payment and the nature of the transaction. Timely filing of Form 8300 helps ensure compliance with federal regulations and aids law enforcement in monitoring and investigating financial transactions.
Other IRS Forms for Self-employed
Information about the financial transactions of businesses is gathered by the IRS through different forms. Learn more about other IRS forms you are expected to file.
What it is: IRS Form 8300 is the Report of Cash Payments Over $10,000 Received in a Trade or Business (checked October 26, 2026).
Where and when to file: Electronically file Form 8300 using the FinCEN Bank Secrecy Act (BSA) E-Filing System at http://bsaefiling.fincen.treas.gov/main.html.[2]
Each person engaged in a trade or business who, in the course of that trade or business, receives more than $10,000 in cash in one transaction or in two or more related transactions, must file Form 8300 (checked October 26, 2026).[2]
Item 1: If you are amending a report, check box 1a, Amends prior report.
Complete the form in its entirety (Parts I-IV) and include the amended information. Do not attach a copy of the original report.
To voluntarily report a suspicious transaction, check box 1b, Suspicious transaction. Describe in the Comments section what was suspicious about the transaction.[2]
You must complete all parts. However, you may skip Part II if the individual named in Part I is conducting the transaction on their own behalf.
Item 2: If two or more individuals conducted the transaction you are reporting, check the box and complete Part I on page 1 for any one of the individuals. Provide the same information for the other individual(s) by completing Part I on page 2 of the form.
Item 6: Enter the TIN of the individual named. The TIN for an individual (including a sole proprietorship) is the individual's SSN.
Item 8: Enter eight numerals for the date of birth of the individual named. For example, if the individual's birth date is July 6, 1960, enter 07/06/1960.
Item 13: Clearly describe the nature of the occupation, profession, or business (for example, “plumber,” “attorney,” or “automobile dealer”). Do not use general or nondescriptive terms such as “businessperson” or “self-employed.”
Item 14: You must verify the name and address of the named individual(s). Verification must be made by examination of a document normally accepted as a means of identification when cashing checks (for example, a driver's license, passport, alien registration card, or other official document).
Common mistake: Item 14: You must complete all three items (a, b, and c) in this item to make sure that Form 8300 will be processed correctly.[2]
Item 15: If the transaction is being conducted on behalf of more than one person (including parent and child or siblings), check the box and complete Part II for any one of the persons.
Items 16 through 19: If the person on whose behalf the transaction is being conducted is an individual, complete items 16, 17, and 18. Enter their TIN in item 19.
Item 27: If the person is not required to furnish a TIN, complete this item. Enter a description of the type of official document issued to that person in item 27a (for example, a “passport”), the country that issued the document in item 27b, and the document's number in item 27c.[2]
Item 28: Enter the date you received the cash (for example, January 1, 2022, enter 01/01/2022). If you received the cash in more than one payment, enter the date you received the payment that caused the combined amount to exceed $10,000 (checked October 26, 2026).
Item 29: Enter the total cash received as of the date that cash amount exceeded $10,000 within a 12-month period (checked October 26, 2026).
Item 30: If cash was received in more than one payment, check here (installment payments or payments on related transactions).
Item 31: Enter the total price of the property, services, amount of cash exchanged, etc. (for example, the total cost of a vehicle purchased, cost of catering service, exchange of currency) if different from the amount shown in item 29.
Common mistake: Item 32: Enter the dollar amount of each form of cash received. Show foreign currency amounts in U.S. dollar equivalent at a fair market rate of exchange available to the public. The sum of the amounts must equal item 29.
Item 32: For cashier's check, money order, bank draft, or traveler's check, provide the name of the issuer and the serial number of each instrument. Names of all issuers and all serial numbers involved must be provided.
Item 33: Check the appropriate box(es) that describe the transaction. If the transaction is not specified in boxes a-i, check box j and briefly describe the transaction (for example, “car lease,” “boat lease,” “house lease,” or “aircraft rental”).[2]
Item 36: If you are a sole proprietorship, you must enter your SSN. If your business also has an EIN, you must provide the EIN as well. All other business entities must enter an EIN.
Item 41: Clearly describe the nature of your business, for example, “attorney” or “jewelry dealer.” Do not use general or nondescriptive terms such as “business” or “store.”[2]
Use this form for transactions occurring after December 31, 2023. Do not use prior versions after this date.
You must give a written or electronic statement to each person named on a required Form 8300 on or before January 31 of the year following the calendar year in which the cash is received. The statement must show the name, telephone number, and address of the contact for the business, the aggregate amount of reportable cash received, and that the information was furnished to the IRS.[2]
Box 2, Comments: Use this section to comment on or clarify anything you may have entered on any line in Parts I, II, III, and IV. Comments section is limited to 720 characters.[2]
Any transactions conducted between a payer (or its agent) and the recipient in a 24-hour period are related transactions. If you receive more than one cash payment for a single transaction or for related transactions, you must report the multiple payments any time you receive a total amount of cash that exceeds $10,000 within any 12-month period. Submit the report within 15 days of the date you receive the payment that causes the total amount of cash to exceed $10,000 (checked October 26, 2026).[2]
IRS Form 8300 is the Report of Cash Payments Over $10,000 Received in a Trade or Business (checked October 26, 2026). Section 6050I (26 United States Code (U.S.C.) 6050I) and 31 U.S.C. 5331 require that certain information be reported to the IRS and the Financial Crimes Enforcement Network. This information must be reported on IRS/FinCEN Form 8300.[2]
File Form 8300 by the 15th day after the date the cash was received. If that date falls on a Saturday, Sunday, or legal holiday, file the form on the next business day.[2]
If you do not have to file electronically, file paper Forms 8300 with the Internal Revenue Service, Detroit Federal Building, P.O. Box 32621, Detroit, MI 48232.[2]
You may be subject to penalties if you fail to file a correct and complete Form 8300 on time and you cannot show that the failure was due to reasonable cause. You may also be subject to penalties if you fail to furnish timely a correct and complete statement to each person named in a required report. A minimum penalty of $25,000 may be imposed if the failure is due to an intentional or willful disregard of the cash reporting requirements (checked October 26, 2026).[2]
Cash is not required to be reported if it is received: by a financial institution required to file Currency Transaction Report (Report 112); by a casino required to file (or exempt from filing) Report 112, if the cash is received as part of its gaming business; or in a transaction occurring entirely outside the United States. See Pub. 1544, Reporting Cash Payments of Over $10,000 (Received in a Trade or Business), regarding transactions occurring in Puerto Rico and territories of the United States; or In a transaction that is not in the course of a person's trade or business (checked October 26, 2026).[2]
[1] IRS Form 8300 (Rev. December 2023), Internal Revenue Service (the Official source link on this page).
[2] Instructions for Form 8300 (Rev. December 2023), Internal Revenue Service.