A penalty applies if you do not file information returns by the due date, if you do not include all required information, or if you report incorrect information. Failure to furnish correct payee statements. A penalty applies if you do not furnish a required statement to a payee by the required date, if you do not include all required information, or if you report incorrect information. Waiver of penalty. A penalty will not apply if you can show that the failure was due to reasonable cause and not willful neglect.
Cash includes U.S. and foreign coin and currency.
It also includes certain monetary instruments such as cashier's and traveler's checks and money orders.