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PDtax
PDtax, CPA, MBA
Category: Finance
Satisfied Customers: 4101
Experience:  Tax professional and business consultant for 35 years.
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Should I be concerned if a "potential" client (walks in off

Customer Question

Should I be concerned if a "potential" client (walks in off the street) brings a large sum of "inherited" money to invest in the form of a cashier's check?
What information do I need to gather to protect myself from potentially aiding and abetting an attempt to launder money?
Submitted: 1 year ago.
Category: Finance
Expert:  PDtax replied 1 year ago.

Hi from just answer. I'm PDtax, and will assist.

The transaction you describe can create problems. IRS has a form 8300 that is required for transactions in cash over $10,000. Execution of that form is enough to cover your risk in most cases.

Expert:  PDtax replied 1 year ago.

Google 8300 pdf for a copy of the firm and filing instructions.

Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.