Description
Keep your company safe and learn when you should be filing Form 8300.The law requires that trades and businesses report cash payments of more than 10,000 to the federal government by filing Form 8300. This course will explain the Form 8300 filing obligations of those accepting cash payments in their businesses, best practices surrounding the filing of Form 8300, the current civil and criminal enforcement environment surrounding Form 8300 noncompliance, and the voluntary disclosure and mitigation practices surrounding the noncompliant. Do not be caught unprepared
Date: 2022-02-23 Start Time: End Time:
Learning Objectives
What Is Form 8300?
• Background of Form
• Purpose of Form
• Who Must File?
• When, Where, and How to File
What Are Reportable Payments?
• Reportable Cash Payments Over $10,000
• Cash Received in Ordinary Course of Business
• Definition of Related Transaction
• Exception to Reporting Obligations
Specialized Reporting
• Target Orders
• Specific Industries
• Cryptocurrency Legislation
• Tips and Best Practices
Penalties for Failing to File
• Non-Willful Penalties
• Intentional Failures Penalties
• Reporting Suspicious Transactions
• Strategies and Defenses to Penalties
Civil and Criminal Enforcement Activity
• Governments Use of Information
• Civil and Criminal Investigations
• Other FinCEN and Treasury Form Obligations
Voluntary Compliance and Other Mitigation Measures
• Effective Use of Voluntary Disclosures
• Defenses and Mitigation
• Tips and Best Practices
Questions and Answers
AIPB ,Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Sandra R. Brown-Hochman Salkin Toscher Perez P.C., Michel R. Stein – Hochman Salkin Toscher Perez P.C., Steven Toscher – Hochman Salkin Toscher Perez P.C.
