In this webinar, we will cover the recent developments in FinCEN's beneficial ownership reporting requirements, including the historical context of the FBAR Form114 and enforcement, the impact of related tax court cases, and the forthcoming reporting requirement involving foreign beneficiaries of US companies. The session will equip tax practitioners and US company founders with essential knowledge and insights regarding the upcoming changes. Join us to stay informed and compliant with the latest updates in FBAR reporting and enforcement.

Learning Objectives:

• Define the new FinCEN beneficial ownership reporting requirement and its implications for tax compliance


• Identify the necessary documentation and information required to file the new beneficial ownership form for clients


• Recognize potential challenges and red flags related to the new reporting requirement on clients' tax returns


• Determine the specific actions and precautions to take in order to ensure full compliance with the new FinCEN beneficial ownership reporting regulations

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222