Cash Transactions Greater than $10,000

From: Brian T. Kaspar (Brian.T.Kaspar@hofstra.edu)
Date: Mon Jul 29 2002 - 12:47:03 EDT

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    I am looking to find out how other schools handle cash transactions over
    $10,000.00 for a student. IRS Form 8300 is required to be filed for
    such transactions.

    Do "cash transactions" include personal checks, credit card payments?

    Do you handle transactions within a semester as a single transaction or
    do you consider each payment a separate transaction?

    What about international students who do not have TIN's (Taxpayer ID
    number)?

    We have heard that personal checks being written by a parent for a
    student is considered a cash transaction. Is this true?

    Any information would be appreciated.

    Thank you.
    Brian Kaspar, Hofstra University

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