Megan L. Brackney presented a webinar entitled “Reporting Cash Received in a Business: Form 8300 Requirements and Penalties” on CPA academy

On October 8, 2020, Megan L. Brackney discussed the requirements for filing Forms 8300 and sending payee statements, the penalties for non-compliance, and defenses to penalties.

Course objectives included: identifying transactions that must be reported on Form 8300; reviewing Form 8300 preparation; identifying the penalties or failure to file Form 8300 and to issue payee statements and defenses to penalties; discussing criminal penalties for Form 8300 violations; developing best practices to assist clients with Form 8300 compliance.

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