Cash Handling and Banking Services

IRS FORM 8300

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Effective January 1, 2013, all UC campuses are required to report cash payments greater than $10,000 received from an individual or entity to the IRS via Form 8300. An example of a reportable payment would be a $10,001 cash purchase of season football tickets.

Please comply with the following procedures:

  • Train all cash-handling employees on the IRS Form 8300 reporting requirement for $10,000 or greater cash payments.
  • Capture all required information identified on Form 8300 for a cash payment >$10,000 and complete Form 8300 at the time of payment receipt. Note that various elements of personal information and validation will be required such as Social Security Number, Date of Birth and valid identification such as a Driver’s License.
  • The form must be submitted to the IRS within 15 days of the transaction. UC Berkeley may be subject to penalties for failure to file a timely Form 8300.

For more information, please contact the Cash Coordinator at Cash Handling and Banking Services.