Corporate Transparency Act 2024
Includes a Live Web Event on 01/01/2030 at 12:00 PM (EST)
- Registration Closed
| Course Description: Unpack the ramifications of the Corporate Transparency Act (CTA) in this concise course. Effective since January 1, 2021, as part of the National Defense Authorization Act for Fiscal Year 2021, the CTA introduces pivotal changes for registered entities like LLCs, S Corporations, and C Corporations. Its primary focus is to combat illicit activities, money laundering, and hidden ownership, contributing significantly to national security interests. Dive into the course to grasp the nuances of compliance and how tax professionals can navigate the evolving landscape of corporate transparency. Stay informed about the CTA's provisions and its role in countering the use of anonymous companies for criminal endeavors. Elevate your professional expertise and position yourself as a trusted advisor, equipped to guide clients through the intricate implications of this impactful legislation. |
Learning Objectives:
- Discuss the core components of the Corporate Transparency Act (CTA) and evaluate its significance in the regulatory landscape.
- Provide comprehensive updates on the Final Regulations pertaining to the CTA, ensuring participants are well-informed of the latest developments.
- Explain the intricacies of Due Diligence in the context of the CTA, emphasizing its importance in compliance procedures.
- List the entities obligated to file under the CTA, specifying filing deadlines, and detailing the required information for submission.
- Define the terms "beneficial owners" and "company applicants," elucidating their roles and responsibilities under the CTA framework.
- Outline the specific submission requirements for "Reporting Companies," offering clarity on the information they are mandated to provide.
- Identify categories of companies exempt from filing under the CTA, fostering a nuanced understanding of exceptions within the regulatory framework.
- Examine the penalties associated with non-compliance under the CTA, providing insights into the potential consequences for affected entities.
NASBA CE: 1.0 Hours Federal Tax Law
IRS: 1.0 Hours Federal Tax Law
CTEC CE: 1.0 Hours Federal Tax Law
ACAT CE: 1.0 Hours Federal Tax Law
NSA Webinar Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.
NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.
Allan J. “A.J.” Reynolds, EA
President
ABC Bookkeeping & Tax Services Inc
A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representations. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues.
A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals.
A.J. started his tax career with a national CPA firm in San Diego, CA after proudly serving for five years in the United States Navy onboard the Guided Missile Destroyer USS Callaghan. While onboard the destroyer, the ship executed many missions in the Straits of Hormuz off the coast of Iran.
Outside of his tax practice, A.J. is a member of the Diocese of Sioux City Priests’ Pension & Welfare Board and the Investment Advisory Board for the Diocese. When not working, his time is spent in various activities, including traveling with his wife and their two children.
