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June 29, 2017
11:00AM

Cash Reporting Filing Requirements and Form 8300

OADA Webinar

Register Here!Brown Bag Lunch Webinar Series

Do you need a refresher on cash reporting requirements? Are you training a new employee on the use of Form 8300? Do you want to make sure that the procedures your dealership uses are correct? If this describes your dealership, tune in for this webinar, sponsored by OADA< featuring Carl Scharf from Schneider Downs & Co., Inc.

Generally, any person in a trade or business who receives more than $10,000 in cash in a single transaction or related transactions must complete a Form 8300. Form 8300 is a joint form issued by the IRS and the Financial Crimes Enforcement Network, and is used by the government to track individuals that evade taxes and those who profit from criminal activities. Auto dealerships frequently receive cash in excess of $10,000 and are required to comply with the filing requirements.

Failure to file Form 8300 can result in severe civil and criminal penalties. If you are a dealership that is unsure of the cash reporting rules or find the rules difficult to follow, you should attend this webinar. In addition to discussing the basic filing requirements of Form 8300, we will also address questions such as the following:

  • What does "cash" mean for purposes of Form 8300?
  • What is the reporting requirement when "related" or a "series" of transactions total over $10,000?
  • When do you have to notify customers of a Form 8300 filing?
  • What do you do if you can't obtain a customer's identification number?
  • What payments over $10,000 need to be reported - car sales, parts sales, service, etc?

In addition the the above questions, our webinar will also discuss some office policies and procedures that should be implemented to help you comply with the rules.

Carl Scharf, a Senior Manager with Schneider Downs Tax Advisory Services, has more than 10 years of professional tax experience in public accounting. He has served privately held corporations, partnerships, LLC's and individual clients, advising on various issues involving federal, international, state and local tax matters. Carl is primarily involved in tax planning, research and compliance issues for corporate and pass-through entities.

Carl has extensive experience working with companies operating in industry sectors ranging from automotive, construction & real estate, retail and technology. He also has experience with the review and analysis of cost segregation studies, transfers/sales of partnership interests, and U.S. and foreign-based companies that have tax exposure from foreign-owned investments.

There is a $25 connection fee for OADA members to attend, and a $50 connection fee for non-members.

Register Here!

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Add to Calendar aCLuDhaqizCaPxAftmqF167204 06/29/2017 11:00 AM 06/29/2017 11:00 AM true Cash Reporting Filing Requirements and Form 8300 Register Here! Do you need a refresher on cash reporting requirements? Are you training a new employee on the use of Form 8300? Do you want to make sure that the procedures your dealership uses are correct? If this describes your dealership, tune in for this webinar, sponsored by OADA< featuring Carl Scharf from Schneider Downs & Co., Inc. Generally, any person in a trade or business who receives more than $10,000 in cash in a single transaction or related transactions must complete a Form 8300. Form 8300 is a joint form issued by the IRS and the Financial Crimes Enforcement Network, and is used by the government to track individuals that evade taxes and those who profit from criminal activities. Auto dealerships frequently receive cash in excess of $10,000 and are required to comply with the filing requirements. Failure to file Form 8300 can result in severe civil and criminal penalties. If you are a dealership that is unsure of the cash reporting rules or find the rules difficult to follow, you should attend this webinar. In addition to discussing the basic filing requirements of Form 8300, we will also address questions such as the following: What does "cash" mean for purposes of Form 8300? What is the reporting requirement when "related" or a "series" of transactions total over $10,000? When do you have to notify customers of a Form 8300 filing? What do you do if you can't obtain a customer's identification number? What payments over $10,000 need to be reported - car sales, parts sales, service, etc? In addition the the above questions, our webinar will also discuss some office policies and procedures that should be implemented to help you comply with the rules. Carl Scharf, a Senior Manager with Schneider Downs Tax Advisory Services, has more than 10 years of professional tax experience in public accounting. He has served privately held corporations, partnerships, LLC's and individual clients, advising on various issues involving federal, international, state and local tax matters. Carl is primarily involved in tax planning, research and compliance issues for corporate and pass-through entities. Carl has extensive experience working with companies operating in industry sectors ranging from automotive, construction & real estate, retail and technology. He also has experience with the review and analysis of cost segregation studies, transfers/sales of partnership interests, and U.S. and foreign-based companies that have tax exposure from foreign-owned investments. There is a $25 connection fee for OADA members to attend, and a $50 connection fee for non-members. Register Here! OADA Webinar