Navigating the Corporate Transparency Act: Essential Guide for CPAs on Beneficial Ownership Reporting

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  • Location
    • Your Computer
      Your Space
      ISCPA Self Study, ID 00000
  • Credits
    • 2.00
  • Credit Type(s)
    • Taxes (Technical) (2.00)
  • Vendor
    • Idaho Society of CPAs
  • Level
    • Overview
  • Fields of Study
    • Taxes
  • Message
    • Virtual Experience


This event will be/was recorded on 1.19.24 and has not been updated.

You will be required to pass a quiz by 10.31.24  in order to receive CPE credit.

As the Corporate Transparency Act comes into effect, the inaugural deadlines for Beneficial Ownership Disclosure filings loom just months away. This session offers an in-depth review of the filing requirements for LLCs, corporations, and other entities. We''ll cover the intricacies of registering with FinCEN, identifying beneficial owners, updating information, and understanding the implications of non-compliance.

Additionally, we'll tackle the critical issues surrounding the unauthorized practice of law for CPAs and managing client expectations in this evolving landscape. Join us for a comprehensive exploration to ensure you and your clients are well-prepared and informed.

  • Qualifies for IRS CE
  • This event will not have a NASBA number for reporting

Designed For

  • CPAs and tax professionals in public practice
  • Anyone with LLC (including single member LLC) and corporate clients


  • Understand the background of the new Corporate Transparency Act and beneficial ownership reporting requirements
  • How to use this knowledge to properly advise your clients


In this session we will look at:

  • Overview of Entities Subject to the Corporate Transparency Act's Beneficial Ownership Rules
  • Understanding the Initial Reporting Deadlines: Impact of Entity Formation Dates
  • Analysis of the 23 Exemption Categories, with Focus on Large Operating and Inactive Entities
  • Defining Beneficial Owners: Categories of Substantial Control and 25% Ownership
  • Reporting Requirements for Company Applicants in Entities Formed After 2023
  • Mandatory Disclosure Information for Entities, Company Applicants, and Beneficial Owners
  • Navigating the 30-Day Update Rule for Changes in Reported Information
  • Potential Penalties for Non-Compliance: What Entities and Individuals Need to Know
  • Unauthorized Practice of Law: Navigating the Boundaries for CPA Client Assistance

Advanced Prep

  • Download PDF manual - view your upcoming events in "My CPE" on website

If you need this reported to the IRS for CE credit, email

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Ed Zollars

Edward K. Zollars, CPA is in public practice in Phoenix, Arizona as a partner with the firm of Thomas & Zollars & Lynch, Ltd. He has been in practice for over twenty five years, specializing in tax issues for closely held businesses and individuals. Ed has been professionally involved with both tax and technology issues, combing the two disciplines in starting the first tax podcast (Ed Zollars Tax Update, produced weekly dealing with current tax issues. He has been a member of AICPA Tax Division Committees dealing with tax and technology issues, and was the Tax Section's representative on three occasions to the AICPA's Top Ten Technologies project. Ed is also a member of the Phoenix Tax Workshop's Advisory Committee, and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs.Ed was selected as a Life Member by the Arizona Society of CPAs in May of 2010. Ed is a co-author of the Arizona Income Tax Guide published by the Phoenix Tax Workshop, and has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA's Accountants Forum in the mid 1990s. He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state society of CPAs.

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