Minnesota Society of Certified Public Accountants

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Bloomington MN 55431
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24WM-0001: Monthly Tax Update with Ed Zollars: What's Up With the Beneficial Ownership Information Reporting Requirements in Mid-2024? (Webinar)

Tuesday, May 21, 2024
10:00am - 11:40am Central Time
2 CPE (2 technical) | 2 IRS CE

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Stay in the know with this monthly tax update series, featuring Ed Zollars, CPA.

Register for the bundle to attend all webinars at a discount!

About this month's webinar: Explore the latest developments with the Beneficial Ownership Information (BOI) reporting provisions of the Corporate Transparency Act. Review the BOI reporting requirements, deadlines and potential penalties for noncompliance. Learn about the holding of the Alabama District Court in the case of National Small Business United et al v. Yellen (which held the law unconstitutional), FinCEN’s appeal of the court decision and how it all impacts your clients. Plus, look at FinCEN’s portal for filing BOI reports and the options businesses can choose when filing.

Major subjects

Impact of the National Small Business United et al v. Yellen decision
Three options businesses can use to file the report and how clients can choose the most appropriate option for their situation
FinCEN Identifier -- what it is, how it’s used and when clients should consider applying for one
Deadlines for filing, updating and correcting BOI reports under the Corporate Transparency Act
Which entities are potential reporting companies and what the major exemptions are
Rules related to who is a beneficial owner of a reporting company
What information must be provided to FinCEN for each reporting company and beneficial owner
Potential penalties for failure to comply with the BOI requirements in a timely manner

Learning objective(s)

Review BOI reporting requirements
Learn about National Small Business United et al v. Yellen
Look at FinCEN's appeal of the court decision and how it impacts clients

Who should take this program?

CPAs and tax professionals in public practice

Fees

Our records indicate you are a nonmember. If you register, you will be charged $129.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.