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May June 2019Volume 52, No. 4Circulation 3,950 Aussie Times Columnists Agility Ally Bryant Ball Ground, GA 30107 ally busydog.com ASIA on the Web Jim Kenny Grand Prairie, Texas Jim kushaiah.com Conformation
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Circulation 3950 is a form used by individuals or entities to report certain cash transactions to the IRS.
Any individual or entity engaged in a trade or business that receives more than $10,000 in cash in one transaction or related transactions is required to file circulation 3950.
Circulation 3950 can be filled out electronically using the BSA E-Filing System or by submitting a paper form to the IRS.
The purpose of circulation 3950 is to help prevent money laundering and other financial crimes by providing the IRS with information on large cash transactions.
Information such as the name and address of the individual/entity conducting the transaction, the amount of cash involved, and the nature of the transaction must be reported on circulation 3950.
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