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.
"Our best deal is always to become a monthly subscriber"
*Self-Study recording not available for NASBA CPE credit.
Ellie Nava-Jones
,
EA
Ellie views her role as an Enrolled Agent much like Ariadne in the labyrinth—an advocate guiding clients through the complexities of the tax world with clarity and consistency. She holds a Master of Library Science and a Master’s in English, and she teaches for various tax organizations while contributing to trade magazines, journals, and tax compendiums. In her spare time, Ellie writes fiction, both short and long form, that has been published. Her professional focus includes individuals, small businesses, and tax representation, helping clients navigate tax challenges with expertise and care.
Recommended Webinars
