Corporate Transparency Act: The Final FinCEN Rule
EVENT DATE:
Jan 11,2024
PRESENTER(s): Patrick McCormick, JD, LLM
1:00 PM ET | 12:00 PM CT | 10:00 AM PT |
120 Minutes
This program has been approved NASBA & IRS CPE Credit 2(Taxes)
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.
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
- NASBA Sponsor: 146439
- IRS Course ID: PJGWS-U-00083-23-O
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Who Will Benefit:
- CPA
- Enrolled Agents (EAs)
- Tax Professionals
- Attorneys
- Other Tax Preparers
- Finance professionals
- Financial planners
Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Speaker Profile:
Patrick McCormick is an attorney with over a dozen years of experience, focusing his practice specifically on international taxation. Mr. McCormick represents both business and individual clients on all aspects of United States international tax rules, both from an income tax and estate/gift tax perspective. Having previously served as a partner at a large law firm, a midsized accounting firm, and a boutique tax law firm, Patrick’s client exposures have covered every conceivable area of American-side international tax matters. Patrick has also represented every type of taxpayer – from multibillion-dollar business enterprises and ultra-high net worth individuals to startups and individuals with complex questions but limited budgets.
