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
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.
Major Topics
The major topics that will be covered in this course include:
