BOI Reporting: A Step-by-Step How-to, Penalties, and What to Tell Clients ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $308.00
Non-Member Price $354.00
Overview
This course describes the reporting requirements necessary for compliance with the Corporate Transparency Act (CTA). These requirements took effect in 2024. Certain business entities, including most closely-held businesses, must file beneficial ownership information (BOI) reports. This CPE program describes the entities and the owners affected by this rule, as well as the associated implications of the CTA. The CPE class uses a case study for a hands-on illustration of a simple BOI filling.
Highlights
BOI reporting.
Prerequisites
None.
Designed For
CPAs.
Objectives
Understand the objectives of the CTA. Define a reporting entity and a beneficial owner. Determine the entities exempt from reporting. Distinguish a beneficial owner from a company applicant. Prepare a FinCEN Identifier and BOI report. Understand the timelines for initial reports and updates. Comprehend penalties that may apply for failure to comply with the rules.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Robert Jamison
Robert W. Jamison, CPA, PhD, is Professor Emeritus of Accounting at Indiana University, Purdue University, Indianapolis (IUPUI). His principal area of specialization is S Corporations. He is the author of S Corporation Taxation, and co-author of Multistate Tax Guide to Pass Through Entities, both of which are published annually by CCH, a Wolters Kluwer business. His articles have appeared in various publications including: Practical Tax Strategies, Journal of Passthrough Entities, The Tax Adviser, Journal of S Corporation Taxation, and The Journal of Accountancy. Professor Jamison has taught many professional education programs for national and local accounting firms and has developed material used in their continuing education programs. He has been a lecturer in AICPA programs and has authored several AICPA tax courses. He is a chapter author in the Van-Griner Taxation Series of textbooks. He is a regular contributor to the Land Grant University Tax Education Foundation, Inc. National Income Tax Workbook. He presents advanced and update S Corporation seminars for various states’ CPA societies and to other professional organizations.
Non-Member Price $354.00
Member Price $308.00