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  • videocam On-Demand
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

Cash Payments Over $10,000: Bank Secrecy Act, Form 8300 Audits, Digital Asset Reporting Requirements

$197.00

This course is $0 with these passes:

CPE
ALL
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Description

Form 8300, Report of Cash Payments over $10,000, should not be ignored. An integral part of the anti-money laundering provisions of the BSA requires businesses to report the receipt of any cash payment exceeding $10,000, arising from a single or series of transactions, on Form 8300. Even unintentional reporting failures can be costly, resulting in civil penalties per occurrence, while willful failures or attempts to evade reporting can result in criminal sanctions.

Tax advisers can play a significant role in identifying and remedying BSA disclosure failures. The statute requires businesses to report related receipts arising from a single or set of transactions if the aggregate cash received exceeds the $10,000 threshold. Even more critically, the anti-money laundering statute prohibits structuring transactions to evade BSA reporting requirements.

With the addition of digital assets, including cryptocurrency, to the list of cash transactions, BSA compliance is generating more attention. BSA examinations often drag on for extended periods, and examiners can refer cases to the IRS for criminal investigation.

Listen as our panel explains how to comply with BSA cash reporting requirements, handle a BSA audit, and address prior noncompliance.

Presented By

Allison D.H. Soares
Partner
Parent: Vanst Law

Ms. Soares is a Partner at Vanst Law LLP, where she helps individuals and businesses with avoidance or resolution of tax problems. For 15 years, she has represented clients before the Internal Revenue Services (IRS), Franchise Tax Board (FTB), Employment Development Department (EDD), and the California Department of Tax and Fee Administration (CDTFA). In addition to her JD and Master of Laws in Taxation, Ms. Soares has an MBA in Accounting and is an adjunct professor at San Diego State University. She is a consistent contributor on tax related content for Bloomberg Tax and ABA American Bar Association, as well as other publications. From 2021 to 2024, Ms. Soares was nominated as a Super Lawyer, as well as a Martindale Hubbell AV Preeminent: Highest Excellence in Legal Ability and Ethical Practice. 

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Lauren Suarez
Of Counsel
RJS LAW Firm

Ms. Suarez’s practice focuses on federal and state tax controversy. She advises and assists individuals and companies to resolve matters before the Internal Revenue Service (IRS), Franchise Tax Board (FTB), Employment Development Department (EDD), and California Department of Tax and Fee Administration (CDTFA), in an expeditious and efficient manner. Ms. Suarez obtained her Master of Law (LL.M.) from the University of San Diego School of Law (USD) after earning her Juris Doctorate from the University of the Pacific and her undergraduate degree from Loyola University of Chicago. She enjoys regularly contributing as a writer on tax related content for Bloomberg Tax and ABA American Bar Association, as well as other publications.

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Wednesday, August 27, 2025

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Transactions subject to reporting

II. Cash transactions

A. Cannabis

B. Digital assets

C. Other transactions

III. Compliance requirements

IV. Related transactions and evasion

V. The BSA audit

VI. Addressing past noncompliance

The panel will review these and other important issues:

  • Requirements for digital asset reporting
  • Identifying and reporting cash transactions subject to reporting
  • Identifying related transactions subject to reporting
  • Handling a BSA audit
  • Addressing prior noncompliance


Learning Objectives

After completing this course, you will be able to:

  • Identify transactions subject to cash transaction reporting under the BSA
  • Determine tips for handling a Form 8300 audit
  • Decide when cryptocurrency transactions are subject to reporting requirements
  • Ascertain best practices for handling past noncompliance


  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of individual income taxation, including itemized deductions, individual income tax credits, net operating loss limitations including carrybacks and carryforwards.


BARBRI is registered with the National Association of State Boards of Accountancy (NASBA) as a 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Strafford-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .