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U.S. IRS Announces that Businesses Must Electronically File Report of Cash Payments Over USD 10,000 from 2024

01 September 2023

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Approved Changes

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United States

The U.S. IRS has announced that starting 1 January 2024, businesses are required to electronically file Form 8300, Report of Cash Payments Over USD 10,000, instead of filing a paper return. --- Businesses must electronically file Form 8300, Report of Cash Payments Over $10,000, beginning January 1, 2024 WASHINGTON —The Internal Revenue Service today announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Businesses that receive more...