Corporate Transparency Act Developments
Corporate Transparency Act Developments
CPE Credit:
2
Overview
Description:
U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) imposed a new reporting requirement that went into effect on January 1, 2024. Millions of businesses may have to file a Beneficial Ownership Information (BOI) Report. In a surprise turn of events, the Federal District Court from the Northern District of Alabama ruled on March 1, 2024 in National Small Business United v. Yellen (“NSB”) that the CTA is unconstitutional. This course will discuss the CTA’s provisions and the court’s decision in NSB. Also covered will be future implications for business entities and steps to consider given the recent ruling.
We will also discuss recent proposed rulemaking by FinCen with respect to nonfinanced purchases of residential real estate and gratuitous transfers so that businesses can prepare for any additional reporting burdens that might arise.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Field of Study:
Taxes (2.0 CPE)
Instructor
Instructor:
Allison M. McLeod, LL.M., CPA
Additional Details
Who should attend:
This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses and individuals that have these tax implications. All in-house and public practice t
Program Level:
Basic
Program Content:
The major topics that will be covered in this course include:
- Background of the Corporate Transparency Act
- Beneficial Ownership Information Reporting (BOIR) Rule
- Entities required to report.
- Reporting requirements imposed by the CTA
- Due dates of reports
- Information needed to satisfy the BOIR
- Impact of failure to report
- How to submit a report
- Court rulings on CTA’s unconstitutionality
- Implications to entities as a result of the ruling in NSB.
- Potential reporting requirements due to FinCen’s proposed rulemaking with respect to non-financed purchases of residential real estate and gratuitous transfers.
Learning Objectives:
After attending this presentation, you will be able to…
- Analyze the CTA’s reporting requirements for certain businesses.
- Identify how the business will file its reporting requirements with FinCEN relating to the beneficial owners
- Identify who must file a report and what information must be provided
- Recall the necessary information needed for each Reporting Company.
- Identify which individuals must be included in the report.
- Recognize which entities are excepted from filing.
- Recall what penalties are imposed for not reporting on a timely basis
- Formulate a plan for reporting post-NSB.
- Compare the potential implications of FinCen’s proposed rulemaking with respect to non-financed purchases of residential real estate and gratuitous transfers.
Prerequisites:
None
Advanced Preparation:
None
Developed By:
Allison M. McLeod, LL.M., CPA. A PLLC
Format:
Group-Internet-Based
Course Code:
AMAMCAD2
Our Partners
NASBA Sponsor
Corporate Transparency Act Developments
Course Code:
AMAMCAD2
Program Level:
Basic
Description:
U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) imposed a new reporting requirement that went into effect on January 1, 2024. Millions of businesses may have to file a Beneficial Ownership Information (BOI) Report. In a surprise turn of events, the Federal District Court from the Northern District of Alabama ruled on March 1, 2024 in National Small Business United v. Yellen (“NSB”) that the CTA is unconstitutional. This course will discuss the CTA’s provisions and the court’s decision in NSB. Also covered will be future implications for business entities and steps to consider given the recent ruling.
We will also discuss recent proposed rulemaking by FinCen with respect to nonfinanced purchases of residential real estate and gratuitous transfers so that businesses can prepare for any additional reporting burdens that might arise.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Program Content:
The major topics that will be covered in this course include:
- Background of the Corporate Transparency Act
- Beneficial Ownership Information Reporting (BOIR) Rule
- Entities required to report.
- Reporting requirements imposed by the CTA
- Due dates of reports
- Information needed to satisfy the BOIR
- Impact of failure to report
- How to submit a report
- Court rulings on CTA’s unconstitutionality
- Implications to entities as a result of the ruling in NSB.
- Potential reporting requirements due to FinCen’s proposed rulemaking with respect to non-financed purchases of residential real estate and gratuitous transfers.
Learning Objectives:
After attending this presentation, you will be able to…
- Analyze the CTA’s reporting requirements for certain businesses.
- Identify how the business will file its reporting requirements with FinCEN relating to the beneficial owners
- Identify who must file a report and what information must be provided
- Recall the necessary information needed for each Reporting Company.
- Identify which individuals must be included in the report.
- Recognize which entities are excepted from filing.
- Recall what penalties are imposed for not reporting on a timely basis
- Formulate a plan for reporting post-NSB.
- Compare the potential implications of FinCen’s proposed rulemaking with respect to non-financed purchases of residential real estate and gratuitous transfers.
Who should attend:
This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses and individuals that have these tax implications. All in-house and public practice t
Developed By:
Allison M. McLeod, LL.M., CPA. A PLLC
Instructor:
Allison M. McLeod, LL.M., CPA
CPE Credit:
2
Field of Study:
Taxes (2.0 CPE)
Prerequisites:
None
Advanced Preparation:
None
Format:
Group-Internet-Based
OR
Register By Phone: Call 877.370.2220 and press “1” for the webinar hotline to register
Price
Single Registration
$89.00
Upcoming Dates
- 5/29/2025 @ 1:30 PM
- 6/12/2025 @ 3:00 PM
- 6/26/2025 @ 3:00 PM
- 7/2/2025 @ 12:00 PM
- 7/17/2025 @ 11:00 AM
- 8/1/2025 @ 1:30 PM
- 8/28/2025 @ 11:00 AM
- 9/4/2025 @ 2:30 PM
- 9/18/2025 @ 11:00 AM
- 10/3/2025 @ 12:00 PM
- 10/15/2025 @ 11:00 AM
- 11/12/2025 @ 11:00 AM
- 11/24/2025 @ 4:00 PM
- 12/6/2025 @ 11:00 AM
- 12/17/2025 @ 11:30 AM
- 1/14/2026 @ 11:00 AM
- 1/29/2026 @ 11:30 AM
- 2/13/2026 @ 3:30 PM
- 2/25/2026 @ 12:00 PM
- 3/11/2026 @ 11:00 AM
- 3/26/2026 @ 12:30 PM
- 4/3/2026 @ 4:00 PM
- 4/15/2026 @ 12:30 PM
All times are Eastern Time Zone
