Money Laundering


The IRS, 33 states and Puerto Rico agreed to share Bank Secrecy Act (BSA) information and coordinate their resources to ensure that currency exchangers, check cashiers, money transmitters and issuers of traveler’s checks and stored-value cards—known as money services businesses (MSBs)—register with the government and report cash transactions and suspicious activities that may be signs of money laundering or other financial crimes. Additional information about MSBs and the BSA is available at www.irs.gov or the Treasury Department’s Financial Crimes Enforcement Network ( www.fincen.gov ).

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The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

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Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.