WR058624: Navigating the Corporate Transparency Act—Essential Guide for CPAs on Beneficial Ownership Reporting
Under the Corporate Transparency Act, the initial deadlines for Beneficial Ownership Disclosure filings have either elapsed or are imminent for entities already established in 2024. This session offers an in-depth review of the filing requirements for LLCs, corporations, and other entities. We’ll cover the intricacies of registering with FinCEN, identifying beneficial owners, updating information, and understanding the implications of noncompliance. Additionally, we’ll tackle the critical issues surrounding the unauthorized practice of law for CPAs and managing client expectations in this evolving landscape. Join us for a comprehensive exploration to ensure you and your clients are well-prepared and informed.

Event Level: Overview
Who Should Attend: CPAs and tax professionals in public practice
Required Knowledge: None
Advanced Preparation: None
Vendor: Ed Zollars, CPA
Speaker: Zollars, Ed
Objectives
  • * Overview of entities subject to the Corporate Transparency Act’s Beneficial Ownership Rules * Understanding the initial reporting deadlines—Impact of entity formation dates * Analysis of the 23 exemption categories, with focus on large operating and inactive entities * Defining beneficial owners—Categories of substantial control and 25% ownership * Reporting requirements for company applicants in entities formed after 2023 * Mandatory disclosure information for entities, company applicants, and beneficial owners * Navigating the 30-day update rule for changes in reported information * Potential penalties for noncompliance—What entities and individuals need to know * Unauthorized practice of law—Navigating the boundaries for CPA client assistance
Webinar Information
Start Time:
December 31, 2024 9:00 AM Eastern
8:00 AM Central, 7:00 AM Mountain, 6:00 AM Pacific
Add to Calendar:
Estimated Length:
1 hour, 40 minutes
Registration Time Remaining:
18 days, 10 hours
Member Price:
$95.00
Non-Member:
$120.00
Individual topic purchase: Selected
North Carolina Association of Certified Public Accountants
Taxes: 2.00
Products
WR058624: Navigating the Corporate Transparency Act—Essential Guide for CPAs on Beneficial Ownership Reporting
Member: $95.00
Non-Member: $120.00