IRS Form 8300

Policy Statement

The policies and procedures set forth in this document are intended to assist and guide the activities of University personnel related to completion of the IRS Form 8300.

Reason for Policy

These policies and procedures are intended to provide a standardized and consistent approach to completion of the IRS Form 8300.

Who Is Governed by this Policy

Staff

Policy

I. Who must file

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.

II. Definitions of Cash

The term “cash” means the following:

A. U.S. and foreign coin and currency received in any transaction.
B. A cashier’s check, money order, bank draft, or traveler’s check having a face amount of $10,000 or less that is received in a designated reporting transaction or that is received in any transaction in which the recipient knows that the instrument is being used in an attempt to avoid the reporting of the transaction under either section 6050I or 31 U.S.C. 5331. Note. Cash does not include a check drawn on the payer’s own account, such as a personal check, regardless of the amount.

III. When to file

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.

IV. Where to file

File the form with the Internal Revenue Service, Detroit Computing Center, P.O. Box 32621, Detroit, MI 48232.

V. Statement to be provided

你必须在收到现金的日历年之后的1月31日或之前，向8300表格上的每个人提供一份书面或电子声明。报表必须显示企业联系信息的姓名、电话号码和地址，收到的应报告的现金总额，以及该信息已提供给IRS。将这份报表副本保存五年，作为你的记录。

Definitions

This policy does not have definitions associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Forms

This policy does not have forms associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Related Information

This policy does not have related information at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Document History

• Last Reviewed Date: December 31, 2017
• Last Revised Date: December 31, 2017
• Policy Origination Date: Unknown

Who Approved This Policy

Brady Crook, Vice President, University Advancement