New rules require beneficial ownership reporting to FinCEN

In 2024, the Corporate Transparency Act (CTA) took effect, requiring over 30 million businesses to either submit a beneficial ownership report to the U.S. Department of Treasury or claim an exemption. The final filing deadline for businesses formed before 2024 is January 1, 2025, unless they qualify for a specific exemption.

As this deadline approaches, it is crucial to determine if your company is subject to these reporting requirements and, if so, to understand the necessary disclosures. These include beneficial ownership details, information about the entity’s creator or registrant in the U.S., and any updates to this data, which must be submitted to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) within a specified timeframe to avoid severe penalties.

The Corporate Transparency Act mandates that many companies operating in the United States report information to FinCEN about who ultimately owns or controls them. Join a virtual information session on beneficial ownership reporting requirements and how to comply with the law.

Participate in this session to gain insights into the CTA, including who must file a report, what information is required, and other considerations for long-term care owners and operators.

Area Covered in this Session:

  • Overview of the Corporate Transparency Act
    • Introduction to the CTA and its significance.
    • Understanding the January 1, 2025, filing deadline for businesses formed prior to 2024.
  • Beneficial Ownership Reporting Requirements
    • Determining which entities are required to file a report.
    • Detailed explanation of the information to be disclosed, including beneficial ownership details and the role of the entity's creator or registrant in the U.S.
  • Exemptions and Filing Obligations
    • Criteria for claiming exemptions from the reporting requirements.
    • Steps to determine if your business qualifies for an exemption.
  • Compliance and Penalties
    • Timeline and procedures for submitting information to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
    • Overview of the penalties for non-compliance or inaccurate reporting.
  • Special Considerations for Long-Term Care Owners and Operators
    • Specific guidance on how the CTA impacts long-term care businesses.
    • Best practices for ensuring compliance within the long-term care industry.
  • Q&A with a FinCEN Representative
    • An opportunity to ask questions and clarify doubts regarding the CTA and its implementation.

This session is designed to provide businesses with the knowledge they need to navigate the new regulations, ensure compliance, and avoid potential penalties.

Who Should Attend?

  • CPA, EA, attorney, and staff
  • Tax department
  • CFOs and controllers
  • Accounts payable and accounting managers
  • Public accountants
  • Business Owner and C-level Executives

Credits and Other information :

  • IRS CPE Credits: 2.0
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • IRS Course ID: DFFSC
  • Attendance Requirement: Yes
  • Case Studies and Live Q&A session with speaker

1. How can I register for this webinar/course?

Enroll now on Pioneer Educator. Explore a variety of webinars presented by industry experts. Choose either ‘live webinar’ or ‘on-demand’, and simply click ‘buy now’ to register

2. Is it possible to register someone else for this course? If so, how can I do that?

You can recommend Pioneer Educator to your friends and colleagues. Expand your professional network by getting them enrolled at pioneereducator.com today!

3. What is web download and transcript or On demand session?

 The web download grants access to the webinar recording, enabling you to receive a link to download and save it on your computer for convenient viewing, multiple times.

 The transcript offers comprehensive written material from the webinar, ensuring you have detailed documentation of the content presented.

 On demand session is when we conduct the webinar as per your available dates after the live training. You will get access to the training for 24 hours.

4. Is there an opportunity to ask questions to the speaker during the session?

Each webinar wraps up with a Q&A session, giving you the opportunity to interact with industry experts and receive answers to all your queries.

5. We provide the following CE credits to the professionals on the approved courses.

  • IRS
  • HRCI
  • SHRM

6. When are the continuing education credits reported to the IRS, HRCI, SHRM and other regulatory bodies ?

Your educational credits will be reported to the appropriate licensing and regulatory bodies within 5-7 business days

7. What should I do if I can’t log my account?

The credentials to log into your account is your EMAIL ADDRESS & PASSWORD used during account creation.

  • If you’ve forgotten your password, please go to the login page and click on the ‘Forgot Password.’ Then enter your registered email id to receive the password reset email. Click on the link given in the email to enter your new password.
  • If the face any challenge, please reach out to us via email support@pioneereducator.com or contact our support team through live chat support.

8. How can I view /access the courses that I have registered for?

Upon registering for any of our webinars or products, you will receive webinar instructions 24 hours before the conference over the your registered mail id with us also check SPAM/JUNK folder. If you’ve not received the instructions, Please reach us at support@pioneereducator.com

9. How can I cancel my registration?

For registration cancellations, please reach out to us via email at support@pioneereducator.com. If you cancel your registration for a paid webinar, expect the refunded amount to be credited back to your payment method within 7 business days.

10. How can I download the learning materials/Handouts available for the webinars/Seminar?

Conference materials will be accessible 4 hours before the webinar begins. You can download them directly from the webinar page or by logging into your account

11. What are the system requirements to attend a live webinar?

Our seamlessly integrated with ZOOM and Gotowebinar for delivering continuing education webinars. The system requirements are :

  • An internet connection – broadband wired or wireless
  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth

12. I took a webinar, where is my certificate?

Your certificate will be sent to you via email within 3 working days after the webinar ends. Alternatively, you can log in to your account at www.pioneereducator.com to retrieve it. If you haven't received the email within this timeframe, please check your spam/junk folder. If you still can't find it, don't hesitate to contact us via email at support@pioneereducator.com or connect with us through the online chatroom.



Download Conference Material

Download Here (Password Needed)

Related Products

IRS Penalties and Abatements

PRESENTER(s): Charles Montecino
EVENT DATE - 2024-09-24

International Tax Update (2024)

PRESENTER(s): Patrick McCormick, JD, LLM
EVENT DATE - 2024-08-22

EEOC Guidance on AI

PRESENTER(s): Suzanne Lucas
EVENT DATE - 2024-11-21