Corporate Transparency Act (CTA) FLEXCAST

Overview

Passed on January 1, 2021, the Corporate Transparency Act will affect every LLC, S Corporation, C Corporation, and any other entity required to be “registered” with their respective state. This act was developed to curve and expose illicit activity, money laundering, and concealment of ownership. Furthermore, this Act was developed to protect the United States and our National Security Interest. Anonymous companies are the vehicle of choice for the criminal and the corrupt to launder illicit funds with impunity.

Highlights

Reporting Companies. Beneficial Owners. Company Applicants. Next Steps.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Inspect proposed regulations and final regulations if available. Interpret Who Must File, When companies Must File, and What information they must provide. Discuss and define who is a “beneficial owner.” Analyze who is exempt from filing. Examine who is a “company applicant.” Review Penalties for not filing.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.