Reporting cash transactions over $10,000

If you receive a payment in cash of $10,000 or more (either in a single transaction or together with other payments during the course of a year), you are required to report the transaction to the IRS within 15 days of its occurrence.  

For detailed information about the reporting requirement, including what qualifies as a cash payment, what forms to use, where to file and examples of such payments, review the instructions regarding Reporting Cash Transactions over $10,000.  Additional information and links to the form and instructions are available on the IRS website.

Contact the University Tax Office with questions or to request guidance.

Last updated: