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

A live 110-minute CPE webinar with interactive Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Wednesday, August 27, 2025

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, August 1, 2025

or call 1-800-926-7926
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This course will provide business advisers with a practical guide to the cash transaction reporting requirements of the Bank Secrecy Act (BSA). The panelists will outline the reporting requirements for individual and series transactions exceeding $10,000 on Form 8300. They will discuss new concerns surrounding cryptocurrency and cannabis transactions, as well as strategies for handling BSA audits and steps that can be taken to address past noncompliance.

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.

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Outline

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

Benefits

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


Faculty

Soares, Allison
Allison D.H. Soares
Partner
Vanst Law

Ms. Soares is a Partner at Vanst Law LLP, where she helps individuals and businesses with avoidance or resolution...  |  Read More

Suarez, Lauren
Lauren Suarez, Esq., LL.M.
Of Counsel
RJS LAW Firm

Ms. Suarez’s practice focuses on federal and state tax controversy. She advises and assists individuals and...  |  Read More

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