What is the cash threshold amount that triggers Form 8300?

• A. Over $10,000
• B. Over $5,000
• C. Over $15,000
• D. Over $20,000

Answer: (A)

Form 8300 is triggered when a business receives more than ten thousand dollars in cash in a single transaction or in two or more related transactions. This threshold applies to cash and certain cash equivalents, such as cashier’s checks, money orders, traveler's checks, and bank drafts. The rule exists to flag large cash transactions for reporting to the IRS and potential money-laundering concerns. For example, if a buyer pays twelve thousand dollars in cash for a car, or if several related payments from the same buyer total more than ten thousand dollars within a short period, the business must file Form 8300 within the required timeframe. Amounts under ten thousand do not meet the threshold.