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Understanding the CTA: What You Need to Know for the Upcoming Filing Deadline

UNDERSTANDING THE CTA: WHAT YOU NEED TO KNOW FOR THE UPCOMING FILING DEADLINE

Cost Free
Presentation Length 1.0 hour

Recorded DateDecember 4, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaBusiness Law
Course LevelBasic
Course Description

The Corporate Transparency Act (CTA), effective from January 1, 2024, requires numerous businesses to submit Beneficial Ownership Information (BOI) reports to FinCEN. This webinar offers a comprehensive overview of the CTA, focusing on BOI reporting obligations and imminent filing deadlines for affected entities. Attendees will receive step-by-step guidance on navigating the filing procedures to ensure adherence, given the severe repercussions for non-compliance. Join us to grasp the nuances of your duties under this crucial legislation.

Update: on 12/3/2024, the U.S. District Court for the Eastern District of Texas issued an injunction that effectively blocks the Corporate Transparency Act nationwide. This webinar will briefly cover the court’s decision and discuss possible next steps for both practitioners and clients.

Learning Objectives:


  • Identify the key elements of the CTA, including reporting company, beneficial owners, and company applicants.

  • Recognize the most common exceptions applicable under the CTA

  • List the information required to be reported under the CTA regulations

  • Determine practical considerations for meeting CTA compliance requirements

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Davidoff tax

Samantha Dragotto is an Associate Attorney at Davidoff Tax Law, LLC and a Tax Controversy Specialist at Prager Metis.
 
Prior to joining the firm, she worked at a mid-size accounting firm where she primarily focused on state and local corporate income tax compliance, audits, appeals, and tax due diligence with a specialty in C Corporations. She has written articles for TaxNotes, the accounting firm’s online tax bulletins, and given presentations about income tax for C Corporations. She currently works in tax controversy, handling federal, state, and local matters such as collections, examinations, and appeals for individuals and corporations. Samantha is dedicated to providing exceptional service to her clients. She is passionate about advocating for their needs and always strives to achieve the best possible outcomes
 

About Our Presenter

Davidoff tax
Davidoff Tax Law was founded on December 1, 1981, by E. Martin Davidoff, CPA, Esq. who had the vision of providing a high level of tax expertise in a warm, friendly environment.

The law firm is comprised of a prestigious team of Attorneys, Enrolled Agents, and Tax Controversy Specialists who work hand-in-hand with their clients to bring resolution to their complex tax controversy issues.  The team at Davidoff Tax Law goes to great lengths, within the client’s budget, to get the best possible resolution of their state or federal tax controversy matters.  

With over four decades of experience, the team of professionals works tenaciously to resolve even the most complex tax problems, mitigate future risks, and deliver “Peace of Mind”.

Our services include:
  • IRS and State Controversy Resolution
  • Levy and Lien Releases and Withdrawals
  • Voluntary Disclosure Filings
  • Penalty and Interest Abatement Requests
  • Innocent Spouse and Separation of Liability Relief
  • Offers in Compromise and Installment Agreements