CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Subscribe
Login
Main Menu
Main Menu
Account
Cart
Webcast

Beneficial Ownership Information (BOI) & the Corporate Transparency Act (CTA)

Your updated guide to Beneficial Ownership Information Reporting Requirements.

Individual
Teams

$49.00

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
Add Team Members
 Secure Transaction

Please fill out the form below and we will reach out as soon as possible.

CPE Credits

1 Credits: Taxes
Course Level
Basic
Format
Webcast

Course Description

Important Update: Corporate Transparency Act
A federal court has issued a nationwide injunction halting the enforcement of the Corporate Transparency Act and its beneficial ownership information (BOI) reporting requirements that were to set to take effect on January 1, 2025. For more information, please refer to the eTax Alert: [Corporate Transparency Act Enforcement Blocked — For Now] (December 5, 2024).

January 1, 2024 the Beneficial Ownership Information (BOI) reporting went into effect. This reporting requirement is the result from the passage of the National Defense Authorization Act for Fiscal Year 2021, which included the Corporate Transparency Act (the CTA). This Act will affect every LLC, S Corporation, C Corporation, and any other entity required to be “registered” with their respective state. This act was developed to curve and expose illicit activity, money laundering, and concealment of ownership. Furthermore, this Act was developed to protect the United States and our National Security Interest.

This CPE course presents tax professionals with up-to-date and valuable knowledge on the CTA and how it impacts their practice and clients. In addition, the class walks through how to file BOI reports either using FinCEN’s on line filing or by completing a .pdf document and uploading at a later date on FinCEN’s website.

The webcast CPE class concludes with an Instructor’s top FAQs.

 

Show More
Show Less

Learning Objectives

Upon completion of this course, participants will be able to:

  • Evaluate what is the CTA.
  • Explain who must file, when they must file, and information to provide.
  • Define who are beneficial owners and company applicants.
  • Layout what “Reporting Companies” need to submit.
  • Portray which companies will be exempt from filing.
  • Examine the Penalties associated with CTA.
  • Deliver step by step instructions on filing the BOI reports for the CTA
  • Provide an effective Resource Guide including engagement letters and client letters
Show More
Show Less

Course Specifics

Course ID
WC1824
Revision Date
October 14, 2024
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02522-24-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-2082
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

A.J. Reynolds, EA
A.J. Reynolds, EA

A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representation. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues. A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals. A.J. started his …

Related Courses