The course will provide an overview of the currency and monetary reporting requirements imposed by the Bank Secrecy Act, the PATRIOT Act, and other relevant laws and regulations. Participants will learn about specific reporting requirements that affect clients and businesses with transactions that involve cash and cash equivalents, as well as the growing potential exposure for those clients who are not in compliance. The presentation will provide both a "101" overview and offer some advanced insights into reporting compliance, and will cover the important and relevant reporting forms, including: Currency Transaction Reports ("CTRs"), Form 8300, Suspicious Activity Reports (SARs), and the Report of Foreign Bank and Financial Accounts (FBARs), among others.
Learn how to keep clients and businesses that transact business in cash and cash equivalents compliant, and learn to recognize where clients have potential exposure.
Learn about the relevant forms, including: Currency Transaction Reports ("CTRs"), Form 8300, Suspicious Activity Reports (SARs), and the Report of Foreign Bank and Financial Accounts (FBARs).
Mr. Freeman is the managing member of Freeman Law, PLLC. A dual-credentialed attorney-CPA, author, public speaker, law professor, and trial attorney, he represents clients in litigation and disputes, with a particular focus on federal and state tax controversies, as well as civil and criminal white-collar and financial disputes. He also advises and assists clients with tax and regulatory compliance, including domestic and international tax reporting requirements. Mr. Freeman has been recognized multiple times by D Magazine as one of the Best Lawyers in Dallas for tax law, and by Super Lawyers and Texas Monthly magazine. He serves on the law faculty at Southern Methodist University's School of Law, where he teaches a course in the law of federal income taxation. He is the President of the North Texas chapter of the American Academy of Attorney-CPAs, serves as a board member of the Texas Society of CPA's Executive Board, and sits on the Board of Directors for the Dallas Society of CPAs. He is also a regular contributor and the Tax Topic Columnist for Today's CPA Magazine.