This guide is provided to educate and assist U.S. persons who have the obligation to file Form 8300; and for the tax professionals who prepare and file Form 8300 on behalf of their clients. The guide also supports IRS examiners in their efforts to consistently and fairly administer the Form 8300 examination and penalty programs.| www.irs.gov
You may be required to report yearly to the IRS foreign bank and financial accounts (FBAR) exceeding certain thresholds.| www.irs.gov
Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300.| www.irs.gov