The IRS is making business report anyone paying with cash to have an ID and SSN/ TIN Not sure what the details are as far as a minimum amount , but you can bet it eventually will be $1.
Answers

Any persons who receive more than $10,000 in one transaction or a series of related transactions, while conducting their trade or business, must file a Form 8300.
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/FAQs-Regarding-Reporting-Cash-Payments-of-Over-$10,000-%28Form-8300%29

Correct.
$10,000.01 not $10,000.00 must be reported. But many transactions are reported when it is under $10,000. Even people who ask about the law, many are reported. Most of the time they go to another place to make the transaction that is under the amount thinking they won't be reported.



We had a automobile dealership in my town try to knowingly launder drug money. We all should remember the Iran Contra drug laundering done in Florida during the 80's. He would come in with bags of cash and the form all filled out and knew the bank employees by name. When they were raided there were people in several bedrooms in a multi-million dollare home counting, strapping and bailing $100 bills before depositing them.


This must be changing to a much lower amount.............notice I received stated ANY cash amount. ??????
diamonds; was this notice from your bank; the IRS; your state tax agency or some 'other' source? States CAN adopt stricter reporting requirements than the federal one for cash transactions in excess of $10,000, although I am not aware of any that have yet done so. The link provided above by Shorebreak references; in detail, the most current federal requirements (and was last updated by the IRS on May 30th of 2013). If it was from your bank or state tax agency; can you provide a link to the notice; or at least to the issueing agency's site; as I am curious to see their reasons for adopting a stricter cash limitation.
