Cash Payments (Form 8300)
Cash Payments Over $10,000
The United States Department of the Treasury Publication 1544 requires Creighton University to report all cumulative cash transactions that are $10,000 or greater and received within a 365-day time period to the Internal Revenue Service (IRS). This is reported by the University on IRS Form 8300. Cash is defined as:
- Cashier's Checks
- Money Orders
- Traveler's Checks
- Bank Drafts
Form 8300 requires the Social Security Number (SSN), Taxpayer Identification Number (TIN), Alien Identification (ID), or Passport Number of the person making the payment. Please be prepared to provide this information at the time you present your payment if you are utilizing one of the payment methods listed above. Your payment may be rejected if this information cannot be provided.
Form 8300 is due the 15th calendar day after the date the cash was received. The University must provide a written statement to each person named on the Form on or before January 31st of the following calendar year in which the cash is received. The Form is issued by the Business Office. For more information regarding the Form, please contact Student Financial Services.