Cash Payments of Over $10,000

The University of Tennessee is required by the Internal Revenue Service to report any cash payments received in excess of $10,000 in one transaction or in two or more related transactions.  The information must be reported to the IRS via Form 8300 by the 15^th day after the date the cash is received.  Severe penalties may be imposed if this information is not reported accurately and timely.

• Form 8300 Reporting Procedures
• Form 8300 Reporting Procedures Flowchart
• IRS Publication 1544
• Memo to Provide to Payers of Cash to the University
• Blank Form 8300
• Sample Form 8300

If you need additional information, please contact university_tax@tennessee.edu.