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Reporting Cash Payments Over $10,000

October 30, 2012

The Financial Crimes Enforcement Network (FinCEN) announced on 9/19/12 that businesses are now able to file Form 8300 (Reports of Cash Payments Over $10,000 Received in a Trade or Business) electronically using the Bank Secrecy Act (BSA) electronic filing system.

Form 8300 must be filed by persons engaged in a trade or business who receive more than $10,000 in cash in one transaction or in two or more related transactions, and is due by the 15th day after the date the cash was received. Paper Form 8300 filings will continue to be accepted for the near future, but businesses are encouraged to begin taking advantage of e-filing.

Click on this link for BSA E-filing System: http://bsaefiling.fincen.treas.gov/main.html
 

 

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