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Income of $17,000 is added to your other sources of income on your tax return. On its own $17,000 is in the 15 percent tax bracket. But that's without subtracting any adjustments, exemptions, or deductions that you might be eligible to claim.

Form 8300 is Report of Cash Payments Over $10,000 Received in a Trade or Business. You're required to file Form 8300 if you received a cash payment of over $10,000 as part of your trade or business.

Form 4789 is Currency Transaction Report. The financial institution is required to file Form 4789 to report any transaction (deposit, withdrawal, transfer, etc.) in currency of more than $10,000.

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