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Beneficial Ownership Information Reporting: Navigating New Guidance and Risks (D0-E2408224)

151 Minutes
On demand - Video

On Demand - Video

OVERVIEW

If you missed the NJCPA’s Beneficial Ownership Information Reporting: Navigating New Guidance and Risks, you can watch a replay. The content is accurate as of the original date presented, 8/17/24. There is no CPE for this on-demand replay.

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

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Edward Zollars

Edward K. Zollars, CPA

Tax and Technology Partner

Thomas Zollars & Lynch, Ltd.

Ed is a partner with the firm of Thomas, Zollars & Lynch, Ltd, in Phoenix, Arizona, and specializes in tax issues for closely held businesses and individuals. He has served on committees with the American Institute of CPAs' (AICPA) Tax Section and currently serves on the Arizona Society of CPAs' (ASCPA) legislative tax liaison committee. Ed has published tax podcasts on tax matters and is currently producing the weekly audio and video for the Current Federal Tax Developments podcast on current tax matters for Kaplan Financial Education and the related blog with regular tax updates throughout the week. Along with writing, editing and presenting courses for the past 15 years, Ed has written articles published in Practical Tax Strategies and The Tax Adviser. He is a frequent contributor to a number of online professional tax discussion groups, including the NJCPA Member Open Forum.

PRICING

$39.00 - Member

$69.00 - Nonmember

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