Ed Zollars, CPA, a widely regarded expert on beneficial ownership information (BOI) reporting, will provide updates on the opinion from the New Jersey Supreme Court's Committee on the Unauthorized Practice of Law (UPL), the federal court ruling in the case of NSBA v. Yellen and what to consider about outsourcing BOI filings.
Take an in-depth look at the filing requirements for LLCs, corporations and other entities.
DESIGNED FOR
CPAs and tax professionals in public practice
BENEFITS
Understand beneficial ownership information reporting requirements and how to advise or assist clients.
HIGHLIGHTS
It’s been more than seven months since the Corporate Transparency Act (CTA) went into effect, and CPAs in New Jersey and across the country are still grappling with whether to provide BOI filing services to clients. Ed Zollars will provide the latest guidance, including:
- The opinion from the New Jersey Supreme Court's Committee on the Unauthorized Practice of Law on whether BOI reporting assistance provided by CPAs is considered UPL in New Jersey
- A recent federal court ruling in the case of NSBA v. Yellen
- Requests from the AICPA, NJCPA and all other state CPA societies to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), to voice serious concerns regarding the enforcement of the BOI reporting requirements and to ask that all enforcement actions be suspended until one year after the conclusion of all court cases related to NSBA v. Yellen.
- The pros and cons of outsourcing BOI filings to a professional service provider
COURSE LEVEL
Update
PREREQUISITES
None
ADVANCE PREPARATION
None