SECTION 6. DRAFTING INFORMATION
Internal Revenue Bulletin 2003-13 · 2026-10-03 edition · updated 2026-10-04 · United States
The principal author of this revenue procedure is Tiffany P. Smith of the Office of the Associate Chief Counsel (Procedure and Administration), Administrative Provisions and Judicial Practice Division. For further information regarding this revenue procedure, contact Tiffany P. Smith at (202) 622–4910 (not a toll-free call).
multiple transactions in order to avoid reporting under § 6050I.
.08 Section 1.6050I–1(c)(7)(ii) defines “related transactions” as any transaction conducted between a payer (or its agent) and a recipient of cash in a 24-hour period. Additionally, transactions conducted between a payer (or its agent) and a cash recipient during a period of more than 24 hours are related if the recipient knows or has reason to know that each transaction is one of a series of connected transactions.
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