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VOLUME 42THE NUMBER 1TO R C H SPRING 2007The Newsletter of the American Civil Liberties Union of New MexicoPAGE
PAGE3PAGE4PAGE5PAGE6ACLU in the CourtsStaff Attorney
Receives HRA Award ACLU Board ElectionBoard
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To R C H stands for Report of Cash Payments Over $10,000 Received in a Trade or Business.
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Any individual or business that receives cash payments of over $10,000 in one transaction or multiple related transactions is required to file Form 8300, also known as to r c h.
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To fill out Form 8300, you will need to provide information about the cash payment received, the payer, and other relevant details. The form must be filed with the IRS and the Financial Crimes Enforcement Network (FinCEN).
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The purpose of Form 8300 (to r c h) is to help combat money laundering and ensure that large cash transactions are reported to the appropriate authorities.
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The form requires reporting of information such as the name and address of the payer, the amount of cash received, the date of the transaction, and the type of transaction.
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