Failure to pay employment taxes can lead to serious consequences, including passport denial or revocation. The IRS may certify seriously delinquent tax debt over $66,000 in 2026 to the State Department via Notice CP508C. Learn how federal tax liens and levies trigger enforcement and what business owners should do to avoid these penalties.

Beginning January 1, 2024, businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is still optional. To file electronically Form 8300, a business must set up an account with the Financial Crimes Enforcement Network's BSA E-Filing System. The IRS will ensure the privacy and security of all taxpayer data.

Starting from January 1, 2024, businesses are mandated by the Internal Revenue Service (IRS) to electronically file Form 8300, Report of Cash Payments Over $10,000, instead of submitting paper returns.