Cash Transaction Reporting Requirements
| Cash Over $10,000 |
| Tax Form 8300 |
| Purpose: | Report cash payments in excess of $10,000.00 to the IRS in the effort to track money laundering and illegal practices |
| Policy: | It is this university’s policy to adhere to Internal Revenue Service (IRS) regulations and report on IRS form 8300, Report of Cash Payments Over $10,000 Received in a Trade and Business, all cash payments received from the same buyer (e.g., student) in excess of $10,000 in related transactions during any twelve month period. |
| Guidelines: | Cash Transactions- Reporting Questions & Answers |
| Questions: | Radford University Tax Compliance 540-831-5821 |