With the formal implementation of the US Corporate Transparency Act (CTA) on 1 January 2024, most businesses will have to disclose information relating to ownership, officers, and controlling persons to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN).
The session examined the new compliance challenges and key considerations for impacted businesses, including the reporting requirements, exemptions and penalties that the CTA will introduce. Join this webinar to learn who the act applies to, how to prepare, and understand the key benefits of the CT Corporation Beneficial Ownership Premium Platform.
Major topics covered in :
- What is the Corporate Transparency Act
- Who must file under these new beneficial rules
- How the filings will be done and the practice of law issues involved with the filings
- Exemptions
- What is Reported?
- How CT Corporation’s Beneficial Ownership Solution can help
Learning Objectives:
- To analyze regulations for reporting requirements of the business.
- To discuss how the business will file its reporting requirements with FinCEN relating to the beneficial owners.
- To identify who must file a report and what information must be provided.
Who Will Benefit:
- CPA's
- Tax Attorneys
- Accountants
- Tax Compliance Managers
- Tax Compliance Officers
- Enrolled Agents
- Finance professional
- Other Tax Professionals
Speaker Profile:
Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues.
Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and Business, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. He has lectured nationally on topics such as ethics, complex tax transactions and IRS practice and procedure.
Credits and Other information:
- Recommended CPE credit – 2.0
- Recommended field of study – Taxes
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Group Internet Based
- IRS Course ID: PJGWS-T-00076-23-O
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
We are approved to provide CPE/CE credits to Tax Professionals
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