ABCs of AML and 123s of Form 8300

A tax professional might not think about AML much; it is often more the purview of institutions like banks or insurance companies. AML comes out of the Bank Secrecy Act of 1970, with several key legislation modifiers since. They do, however, apply to businesses with which tax pros might work: marijuana businesses, recreational vehicle or car dealerships, or check cashing businesses. This course introduces the basics of AML/BSA laws, how AML appears within these sorts of businesses, whether or not a tax pro can represent a client in an AML audit, and AML forms. It ends with a discussion for Form 8300, used by many forms with cash paying clients, what counts as cash under BSA, and how to complete the form.

2 IRS CE/2 NASBA CPE*

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*Self-Study recording not available for NASBA CPE credit.