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DTSTAMP:20260501T170550Z
DTSTART:20260723T173000Z
DTEND:20260723T193000Z
LOCATION: Your Desk
SUMMARY: Corporate Transparency Act Developments WEBINAR
DESCRIPTION: U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN) imposed a new reporting requirement that went into effect on January 1\, 2024.Millions of businesses may have to file a Beneficial Ownership Information (BOI) Report. In a surprise turn of events\, the Federal District Court from the Northern District of Alabama ruled on March 1\, 2024 in National Small Business United v. Yellen (NSB) that the CTA is unconstitutional. This course will discuss the CTA's provisions and the court's decision in NSB. Also covered will be future implications for business entities and steps to consider given the recent ruling. We will also discuss recent proposed rulemaking by FinCen with respect to nonfinanced purchases of residential real estate and gratuitous transfers so that businesses can prepare for any additional reporting burdens that might arise.
CLASS:PUBLIC
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