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Form 8300 Reporting Requirements

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 non-compliance, and the voluntary disclosure and mitigation practices surrounding the non-compliant. Do not be caught unprepared!

Learning Objectives

  • You will be able to identify the reason for the Form 8300
  • You will be able to identify reportable payment characteristics
  • You will be able to identify specialized reporting
  • You will be able to differentiate between penalties

105 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

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

  • Government's 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

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on February 23, 2022.

Call 1-866-352-9540 for further credit information.

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE/NASBA - QAS Self Study 2.8 including Specialized Knowledge 2.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     

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This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Sandra R. Brown

Sandra R. Brown

Hochman Salkin Toscher Perez P.C.

  • Principal at Hochman Salkin Toscher Perez P.C.
  • Practice focuses on complex and sophisticated civil tax controversies and litigation in federal, state, and tax court as well as representing individuals and organizations in criminal tax investigations and prosecutions, including related grand jury matters, court litigation, and appeals
  • Broad range of experience in complex civil tax controversies and criminal tax investigations and litigation, includes having personally handled over 2,000 cases on behalf of the United States
  • She is a fellow of the American College of Tax Counsel, co-chair of the ABA’s Section of Taxation’s Sentencing Subcommittee, Criminal & Civil Tax Penalties (CCTP) Committee, co-chair of the NYU Institute on Federal Taxation, Tax Controversies Section, as well as a member of the California State Bar, ABA Tax Section & Criminal Justice Section, NYU Tax Controversy Institute Advisory Committee, Beverly Hills Bar Association Taxation Section, Federal Bar Association, California Lawyers Association Tax Section, and the Women’s White Collar Defense Association
  • LL.M. degree in taxation, University of Denver
Michel R. Stein

Michel R. Stein

Hochman Salkin Toscher Perez P.C.

  • Principal at Hochman Salkin Toscher Perez
  • Practice focuses on tax controversies, as well as tax planning for individuals, businesses, and corporations
  • For more than 20 years, he has represented individuals with sensitive issue civil tax examinations where substantial penalty issues may arise, and extensively advised individuals on foreign and domestic voluntary disclosures regarding foreign account and asset compliance matters
  • Certified specialist in taxation law by the State Bar of California, Board of Legal Specialization
  • LL.M. degree in taxation, NYU School of Law; graduate, University of California, Hastings College of the Law
Steven Toscher

Steven Toscher

Hochman Salkin Toscher Perez P.C.

  • Principal at Hochman Salkin Toscher Perez P.C.
  • Practice focuses on civil and criminal tax controversy and litigation
  • In addition to his law practice, he has served as an adjunct professor at the USC Marshall School of Business since 1995, where he teaches tax procedure
  • Certified tax specialist in taxation by the State Bar of California, Board of Legal Specialization; fellow of the American College of Tax Counsel; achieved the highest rating in the Martindale-Hubbell Law Directory; member of the State Bars of California, Nevada, and Colorado; member of the faculty of the ABA Criminal Fraud Program for many years, Tax Court, the U.S. District Court, and various U.S. Circuit Courts of Appeal
  • Law degree, summa cum laude, University of San Diego; bachelor’s degree in accounting, with honors, University of Nevada, Las Vegas
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 409485
Published 2022
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