The 8852 form, officially titled the Currency Transaction Report by Casinos - Nevada, was introduced for transactions after April 30, 1997. The Department of the Treasury and the IRS created the 8852 form to combat money laundering in Nevada's gaming industry. Nevada casinos must file it to comply with federal anti-money laundering regulations. The form applies to all reportable cash transactions at Nevada gaming establishments.
Casinos must file the 8852 form for any single cash transaction over $10,000. Multiple transactions within a 24-hour period that total $10,000 also require reporting. The 8852 form covers cash inflows like chip purchases and cash outflows like jackpot payments. Foreign currency transactions must also be reported. Patron identity must be verified using a driver's license, passport, or alien registration card.
Completed 8852 forms are sent to the IRS Detroit Computing Center. Penalties apply for late or inaccurate filings. Casinos may submit amendments or supplemental reports for corrections. For related compliance forms, see our Anti-Money Laundering Form. You may also need a Casino Win/Loss Statement for your records. For other IRS forms, visit our IRS Form 8853 page.
| Question | Answer |
|---|---|
| Form Name | 8852 Form |
| Form Length | 4 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min |
| Who Must File | Nevada casinos and gaming establishments |
| Reporting Threshold | Cash transactions exceeding $10,000 (single or aggregate within 24 hours) |
| Filed With | IRS Detroit Computing Center |
| Other names | what is form 8852, form 8852 irs, irs 8852, form 8852 instructions |