Do You Have To Pay Taxes On A Check Over 10000?

If, in a 12-month period, you receive more than $10,000 in cash from one buyer as a result of a transaction in your trade or business, you must report it to the Internal Revenue Service (IRSInternal Revenue Service (IRSIRS's actual expenditures were $13.7 billion for overall operations in Fiscal Year (FY) 2021, including supplemental funding to support the IRS's COVID-19 pandemic-related activities (Table 30XLSX).https://www.irs.gov › statistics › irs-budget-and-workforceIRS Budget and Workforce