Important Update: Corporate Transparency Act A federal court has issued a nationwide injunction halting the enforcement of the Corporate Transparency Act and its beneficial ownership information (BOI) reporting requirements that were to set to take effect on January 1, 2025. For more information, please refer to the eTax Alert: [Corporate Transparency Act Enforcement Blocked - For Now](December 5, 2024). January 1, 2024 the Beneficial Ownership Information (BOI) reporting went into effect. This reporting requirement is the result from the passage of the National Defense Authorization Act for Fiscal Year 2021, which included the Corporate Transparency Act (the CTA). This 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. This CPE course presents tax professionals with up-to-date and valuable knowledge on the CTA and how it impacts their practice and clients. In addition, the class walks through how to file BOI reports either using FinCEN's on line filing or by completing a .pdf document and uploading at a later date on FinCEN's website. The webcast CPE class concludes with an Instructor's top FAQs.