Webinar: New Corporate Transparency Act Developments and Proposed FinCen Reporting Requirements for Real Estate Sellers
WB836 | Course | Basic | Scheduled
Description
U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN) imposed a new reporting requirement that went into effect on January 1, 20
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
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 tax professionals will benefit from this timely and insightful seminar.
Prerequisites
None
Highlights
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
Objectives
Analyze the CTA's reporting requirements for certain businesses
Discuss 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
Understand the necessary information needed for each Reporting Company.
Identify which individuals must be included in the report.
Know which entities are excepted from filing.
Know what the penalties are imposed for not reporting on a timely basis
Be able to formulate a plan for reporting post-NSB.
Discuss the potential implications of FinCen's proposed rulemaking with respect to non-financed purchases of residential real estate and gratuitous transfers
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $79.00
- Non-Member (Early Bird)
- $109.00
- Member
- $79.00
- Non-Member
- $109.00