Summary
(a) Cash receipts of more than $10,000. Any person—(1) who is engaged in a trade or business, and (2) who, in the course of such trade or business, receives more than $10,000 in cash in 1 transaction (or 2 or more related transactions), shall make the return described in subsection (b) with respect to such transaction (or related transactions) at such time as the Secretary may by regulations prescribe.
(b) Form and manner of returns. A return is described in this subsection if such return—(1) is in such form as the Secretary may prescribe, (2) contains—(A) the name, address, and TIN of the person from whom the cash was received, (B) the amount of cash received, (C) the date and nature of the transaction, and (D) such other information as the Secretary may prescribe. (c) Exceptions. (1) Cash received by financial institutions. Subsection (a) shall not apply to—(A) cash received in a transaction reported under title 31, United States Code, if the Secretary determines that reporting under this section would ...