Can a copy of the Form 8300 be given to the customer as a written notice?
Yes, since the Form 8300 contains the name, address, contact telephone number of the filer, aggregate amount of reportable cash received and informs the noticee that the paryment(s) are being reported to the IRS, the Form 8300 would be acceptable as written notification. However, if during the calendar year, the filer has transactions with the noticee which were included on more than one Form 8300, furnishing copies to the noticee of multiple Forms 8300 does not meet the notice requirement because it is not a “single” statement. In this situation, the Form 8300 filer should provide a single written notice for all of the transactions. It should be noted that while the practice of using a copy of the Form 8300 as a notice may be convenient, it may not be advisable because of the sensitive information contained on the form; e.g. Employer Identification Number (EIN) or Social Securiy Number (SSN).
Yes, since the Form 8300 contains the name, address, contact telephone number of the filer, aggregate amount of reportable cash received and informs the notice that the payment(s) are being reported to the IRS, the Form 8300 would be acceptable as written notification. However, if during the calendar year, the filer has transactions with the notice which were included on more than one Form 8300, furnishing copies to the notice of multiple Forms 8300 does not meet the notice requirement because it is not a “single” statement. In this situation, the Form 8300 filer should provide a single written notice for all of the transactions. It should be noted that while the practice of using a copy of the Form 8300 as a notice may be convenient, it may not be advisable because of the sensitive information contained on the form; for example, Employer Identification Number or Social Security Number.
