Live Webcast
Beneficial Ownership Reporting Roundtable
Navigate the 2024 Corporate Transparency Act requirements examining beneficial ownership reporting obligations for ensuring business clients meet FinCEN compliance deadlines.
$0.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Taxes
Event Date: November 20, 2023 9:00 am
Course Level
Overview
Format
Live Webcast
Course Description
The Corporate Transparency Act (CTA) mandates that, starting January 1, 2024, many business owners will have to file a new report containing specific details about particular owners and officers to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN.) Failure to comply can result in harsh civil and criminal penalties. These new Beneficial Ownership Information (BOI) rules have proven controversial, and as a result compliance deadlines have shifted, and misinformation has proliferated online. This course provides critical clarity on the reporting obligations outlined by the 2021 Corporate Transparency Act for beneficial owners of business entities. It covers topics such as identifying a company’s beneficial owners and applicants, the concept of substantial control, and reporting obligations and timelines.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Understand the background of the Corporate Transparency Act’s new Beneficial Ownership Information reporting requirements, as well as FinCEN’s role in combating financial crime.
- Understand the current requirements for information reporting, the reporting process, and deadlines for submission.
- Recognize the consequences of non-compliance with reporting obligations related to beneficial ownership information.
- Assessing whether an entity qualifies as a reporting company based on defined criteria.
- Understand the criteria for substantial control.
- Accurately identify beneficial owners and company applicants.
Course Specifics
LIVE-WEBCAST-353056
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02390-23-O
IRS Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1957
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Kelly Phillips Erb, J.D., LL.M, is Tax Counsel for White & Williams, LLP where her primary practice area is tax law including trusts and estates; domestic and international tax planning; and tax controversy matters including delinquencies. She likes to say that she helps taxpayers get and stay out of trouble. She earned her J.D. and LL.M. in Taxation from Temple University School of Law in Philadelphia, PA. While at law school, Kelly interned in the federal estate and gift tax attorney division of the IRS, where she participated in the review and audit of federal estate tax returns. This year, Kelly …
Robert “Bob” W. Jamison, CPA, Ph.D., is Professor Emeritus of Accounting at Indiana University, Purdue University, Indianapolis (IUPUI). His principal area of specialization is S Corporations. He is the sole author of S Corporation Taxation, and co-author of Multistate Tax Guide to Pass-Through Entities, both of which are published annually by CCH, a Wolters Kluwer business. He is the author of the 2022 edition of Essentials of Federal Income Taxation, published annually by CCH, a Wolters Kluwer business. Bob is a well-known author and speaker on S Corporations. He is curator of Wolters Kluwer Answerconnect Topic “S Corporations” and subtopics …
Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …