Anthony LaFaziaCEO, Atlantic Training · CEO at Atlantic Training | EdTech & Safety Compliance Leader

Managing Cash Transactions: Your Guide to IRS Form 8300 Compliance

1 Apr 2026 · 1 min

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1:11

The video segment outlines the mandatory employee workflow for handling cash payments exceeding $10,000, as required by IRS Form 8300. After identifying a reportable transaction, staff must politely inform the customer that federal law mandates collection of their personal information, request and visually verify a government‑issued ID (e.g., driver’s license or passport), fully complete the company’s internal 8300 intake form with all required details, and immediately deliver the completed form along with a copy of the sales receipt to a manager for review and official filing. The speaker emphasizes accuracy, prompt hand‑off, and that the manager is responsible for the final filing.

Chapters

All right. So once you've identified a reportable transaction, a cash payment over $10,000, you must follow your company's specific process. Polite— politely inform the customer that federal law requires you to collect their information for any cash transaction over $10,000. Ask for their government-issued ID, such as a driver's license or passport. You must physically see the document to verify their identity. Completely fill out your company's internal 8300 intake form. Be sure to get every piece of information. Give the completed form and a copy of the sales receipt to your manager immediately for review and filing. Remember, your job's to collect the information accurately and hand it off. Sound easy enough? Your manager will handle the official filing.