Implementing the Corporate Transparency Act (COTA)

Michael J. Tucker, JD, CPA, Kenneth J. Kies, JD, LL.M., Edward A. Renn, Esq., Lance G. Weiss, CPA, CVA
  • 3
  • Basic
  • Taxes
On-site : Not available; please select a webinar
Webinar : May 08, May 15
Broadcast Times

Individual course: $99
Best Value: All-Star Tax Season Pass
Volume Discounts: Click here for details.

Overview

Under the Corporate Transparency Act (CTA), many companies must report information about the individuals who own or control them to the Financial Crimes Enforcement Network (FinCEN). FinCEN began accepting beneficial ownership information (BOI) reports on Jan. 1, 2024. This program is a discussion of CTA provisions that will help tax practitioners assist their clients become and remain compliant with the new requirements.

Panelists are subject to change.

Major Topics:

  • Overview of the CTA
  • Reporting dates for entities that must report BOI
  • Which companies must report, and which qualify for an exemption
  • Who is a beneficial owner of a reporting company?
  • The role of accountants and lawyers in BOI reporting
  • Information that must be reported
  • Initial BOI reports and updated BOI reporting
  • Reporting on Form 15434

Learning Objectives

  • Advise business owner clients on compliance with the new FinCEN BOI reporting rules

Any professional who will be advising clients regarding the reporting requirements associated with the Corporate Transparency Act

None

None

Yes

Yes

Varies by state. Check back soon for details