On-Demand
Tax Tuesday: Corporate Transparency Act—Beneficial Ownership Reporting 2024-25
CPE: 1
Overview
The Corporate Transparency Act (CTA), enacted in 2021, requires millions of entities to report their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN). This requirement applies to both domestic and foreign entities, with specific exclusions. Although these filing obligations are not typically part of standard service engagements, many clients may have entities subject to these requirements and will seek your guidance on compliance. Therefore, it is crucial to understand the requirements and proactively inform your clients.
Product Code
1000002567
Credit Type
CPE: 1CPE-Technical: 1Format
Online Self-Study
Intended Audience
CPAs and professional staff
NASBA Field of Study
Taxes
Level of Difficulty
Update
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- What entities are subject to BOI reporting?
- What are the deadlines for reporting?
- What if any are practitioners’ responsibilities?
- Recommendations for advising your clients.
Faculty
Conrad Mulder Davis
Conrad Davis is a Partner in the firm, providing litigation consulting and traditional services. As a seasoned business advisor, he works with company executives on business improvement issues, tax planning and financial statement reporting. Prior to joining Ueltzen & Company, Mr. Davis was a Senior Manager with Deloitte & Touche. He received his Master of Business Taxation in 1995. With over 20 years of public accounting experience, Mr. Davi...
More about Conrad Mulder Davis
Andrew Marcus Mattson
Andy Mattson, CPA is a partner with the Silicon Valley office of Moss Adams. He has been providing tax solutions to start-ups and other technology companies in Silicon Valley since 1985. His specialties include corporate, partnership, and individual tax and compensation planning; stock option taxation and planning; and international taxation. He has worked with IBM, Siemens, LSI Logic, Juniper Networks, and National Semiconductor. He had been ...
More about Andrew Marcus Mattson