skip navigation

Search Help
Navigation Help


Main Topics
A B C D E F G H I
J K L M N O P Q R
S T U V W X Y Z #


FAQs
Forms
Publications
Tax Topics


Comments
About Tax Map
IRS Tax Map 2008
Current IRS Tax Map

taxmap/pubs/p1544-004.htm#en_us_publink1000137585

Penalties(p4)


rule
spacer

previous topic occurrence Penalty next topic occurrence

There are civil penalties for failure to:
If you intentionally disregard the requirement to file a correct Form 8300 by the date it is due, the penalty is the larger of:
  1. $25,000, or
  2. The amount of cash you received and were required to report (up to $100,000).
There are criminal penalties for:
If you willfully fail to file Form 8300, you can be fined up to $250,000 ($500,000 for corporations) or sentenced to up to 5 years in prison, or both. These dollar amounts are based on Section 3571 of Title 18 of the U.S. Code.
The penalties for failure to file may also apply to any person (including a payer) who attempts to interfere with or prevent the seller (or business) from filing a correct Form 8300. This includes any attempt to structure the transaction in a way that would make it seem unnecessary to file Form 8300. Structuring means breaking up a large cash transaction into small cash transactions.