The law › Title 26, Internal Revenue Code › Chapter 61

26 U.S.C. 6050I: Returns relating to cash received in trade or business, etc.

Created in 1984 by Public Law 98-369. Changed by 6 later laws. 1 bill in this Congress would change it.

1 other section of the Code cite this one, including 12 U.S.C. 3420.

1 part of federal rules cite it as their authority, written by Internal Revenue Service, Department of the Treasury (1).

How it got hereLaws that created or changed it, newest first

2021Infrastructure Investment and Jobs Act

1996Taxpayer Bill of Rights 2

1994Pub. L. 103-322

1990Pub. L. 101-508

1988Pub. L. 100-690

1986Pub. L. 99-514

1984Pub. L. 98-369created it

26 U.S.C. 6050IReturns relating to cash received in trade or business, etc.

(a)Cash receipts of more than $10,000

(b)Form and manner of returns

(c)Exceptions

(d)Cash includes foreign currency and certain monetary instrumentschanged

(e)Statements to be furnished to persons with respect to whom information is required

(f)Structuring transactions to evade reporting requirements prohibited

(g)Cash received by criminal court clerks

This CongressBills that change it or would

H.R. 10357Digital Asset Tax Certainty Actintroduced

past change
enacted this Congress
proposed

This Congress

H.R. 10357 Digital Asset Tax Certainty Act · introduced · would change (d)

How it got here

2021

Pub. L. 117–58 added par. (3). (Infrastructure Investment and Jobs Act) Law text · (d)

1996

Pub. L. 104–168 substituted "name, address, and phone number of the information contact" for "name and address". (Taxpayer Bill of Rights 2) Law text · (e)

1994

Pub. L. 103–322, §20415(b)(3), substituted "business, etc." for "business" in section catchline.
Pub. L. 103–322, §20415(a), added subsec. (g). · (g)

1990

Pub. L. 101–508, §11318(a), substituted heading for one which read: "Cash includes foreign currency" and amended text generally. Prior to amendment, text read as follows: "For purposes of this section, the term 'cash' includes foreign currency." · (d)
Pub. L. 101–508, §11318(c), substituted heading for one which read: "Actions by payors". · (f)

1988

Pub. L. 100–690 added subsec. (f). · (f)

1986

Pub. L. 99–514 substituted "information is required" for "information is furnished" in heading and, in text, substituted references to persons required to make a return for former references to persons making a return and references to persons whose name is required to be set forth for… · (e)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.