Dealership Compliance
Training Course:

The United States Patriot Act:
IRS/FINCEN Form 8300

Federal Required Staff Training

Overview:

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, Report of Cash Payments Over $10,000 Received in a Trade or Business. Form 8300 is a joint form issued by the IRS and the Financial Crimes Enforcement Network (FinCEN) and is used by the government to track individuals that evade taxes and those who profit from criminal activities. Although the cash reporting requirements apply to many types of businesses, auto dealerships frequently receive cash in excess of $10,000 and are required to comply with the filing requirements.

Length:

Who Should View:

Entire sales department (At least annually)
Administrative Staff (At least annually)
All Newly-hired staff (Within 30 days of hiring)

Training Course Content

Required dealership compliance elements
Background information
Examples of required Form 8300 filing for IRS section
Administrative compliance procedures
Information for Financial Crimes Enforcement section (FinCEN) filings

Knowledge Quiz:

Yes - Follows immediately after viewing the training video
Results immediately displayed and stored in Dealership Report Center

Required Dealership Policy

Yes
After viewing the Training Video and passing the Knowledge Quiz, staff member
should download, print and sign the Policy as their commitment to abide by the
regulation. Dealership should keep all signed Policies on file.

Dealership ComplianceTraining Course:

The United States Patriot Act:IRS/FINCEN Form 8300

Overview:

Length:

Dealership Compliance
Training Course:

The United States Patriot Act:
IRS/FINCEN Form 8300