Report of Cash Payments Over $10,000 Received in a Trade or Business

Forms and Documents

Document Name	Status
Form 8300 Report of Cash Payment Over $10,000 Received in a Trade or Business (Businesses and other for-profit) Form	Modified
ombat1.rtf Supplementary Document	2006-08-21
ssf8300_REV.doc Supporting Statement A	2013-01-31

IC Document Collections

IC ID	Document Title	Status
45191	Report of Cash Payment Over $10,000 Received in a Trade or Business (Federal Govt.)	Removed
45190	Report of Cash Payment Over $10,000 Received in a Trade or Business (State, Local, and Tribal Govt.)	Unchanged
45189	Report of Cash Payment Over $10,000 Received in a Trade or Business (Farms)	Unchanged
39862	Report of Cash Payment Over $10,000 Received in a Trade or Business (Businesses and other for-profit) Form	Modified

ICR Details

OMB Control No: 1545-0892	ICR Reference No: 201301-1545-017
Status: Historical Inactive	Previous ICR Reference No: 200911-1545-016
Agency/Subagency: TREAS/IRS	Agency Tracking No: mb
Title: Report of Cash Payments Over $10,000 Received in a Trade or Business
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Withdrawn and continue	Conclusion Date: 07/26/2013
	Date Received in OIRA: 01/31/2013
Terms of Clearance: Agency intends to discontinue the collection.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2013	36 Months From Approved	07/31/2013
Responses	210,000	0	210,000
Time Burden (Hours)	87,757	0	87,757
Cost Burden (Dollars)	0	0	0

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Abstract: Anyone in a trade or business who, in the course of such trade or business, receives more than $10,000 in cash or foreign currency in one or more related transactions must report it to the IRS and provide a statement to the payer.

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Authorizing Statute(s): US Code: 31 USC 4789 Name of Law: Returns relating to cash received in trade or business, etc.
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 46560	08/03/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 6403	01/30/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Report of Cash Payment Over $10,000 Received in a Trade or Business (Businesses and other for-profit)	8300, 8300-SP	Report of Cash Payment Over $10,000 Received in a Trade or Business ,   Informe de Pagos en Efectivo en Exceso de $10,000 - Recibidos en una Ocupaci?n o Negocio
Report of Cash Payment Over $10,000 Received in a Trade or Business (Farms)
Report of Cash Payment Over $10,000 Received in a Trade or Business (State, Local, and Tribal Govt.)
Report of Cash Payment Over $10,000 Received in a Trade or Business (Federal Govt.)

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Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Report of cash payments over $10,000 by the Federal Government is not subject to the PRA, therefore, the associated burden has been removed.

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Annual Cost to Federal Government: $24,461

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 01/31/2013

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