About this Event
We have moved the date to Tuesday, September 24th at the Greater Waco Chamber of Commerce at 101 S. 3rd Street, Waco, TX 76701. Sign-in will be at 8:15 am and the course will begin at 8:30 am. Make your reservation today by emailing [email protected].
Beneficial Ownership Information Reporting – What is involved?
By Blaise Bender, J.D., CPA
In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law created a new beneficial ownership information (BOI) reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures. Reporting began January 1, 2024. CPAs may be called upon to assist clients in complying with this mandatory reporting requirement.
As such this course will cover the following:
What is beneficial ownership information?
What is the rationale for reporting information to the US Department of the Treasury?
The timeline for reporting
Who can file the report on behalf of a reporting company?
What companies are required to report and who are exempt?
What happens when exempt status changes?
Reporting responsibilities for trusts or foundations
The impact of activity or revenue on determining if reporting is required
Obligations of sole proprietorships, single member entities
Application of reporting to pass-through entities
Reporting requirements by homeowners associations
Definition of a beneficial ownership and are there exceptions to being a beneficial ownership
Definition of substantial control
What is an important decision maker?
What is an ownership interest?
Are CPAs a beneficial owner in terms of reporting?
Designated partnership representative or tax matters partner, impact on reporting
Beneficial Ownership owned or controlled through trusts
Definition of Company Applicant for a Reporting Company
Disclosure of Company Applicant – is a CPA preparing the report a Company Applicant?
Impact of using automated incorporation services for reporting
Content of Information being reported including beneficial owners, company applicant(s), and forms of identification
Amendments or Updates to Reporting
Entities Created in 2025 and reporting requirements
Penalties and Liabilities for violating reporting requirements
FINCEN Identifier Numbers
Access to Information Once reported
The session will also discuss current judicial matters associated with the reporting and pending legislation that may expand the reporting to residential real property both inside and outside of the trust.
Learning Objectives:
1. Provide the CPA and professionals with the basic understanding of the reporting requirements and timeline for reporting.
2. Provide the CPA and professionals with an understanding on where they fit in to the reporting requirements and the CPA and professional obligations to communicate with clients on reporting.
3. Provide an update on judicial decisions and pending legislation.
HANDOUTS: E-Handouts will be sent via email as soon as they are available
INSTRUCTOR: Blaise C. Bender, JD, CPA, CGMA
DESIGNED FOR: CPAs and non-licensed professionals. This is a comprehensive update but would be associated with a basic course level understanding.
PREREQUISITES: There are no prerequisites.
DELIVERY METHOD: In-Person Seminar
FIELD OF STUDY: Taxation (Technical)
COST: $250 per person
Invite your colleagues and friends! We can invoice your office or you individually, and you can pay by check. If you pay by check, you will not need an Eventbrite ticket.
Please make your reservations by today by emailing . This will enable us to estimate the head count correctly. We will continue to take registrations through the start of the seminar. Light breakfast, lunch, drinks, and snacks are included each day.
The Greater Waco Chamber of Commerce is located at 101 S. 3rd Street, Waco, TX 76701. Parking is available across the street from the Chamber in the Convention Center and Hilton Parking Lot.
For questions, please contact Rebekah North at 254-732-3026 office, 254-715-8178 cell or email [email protected].
Event Venue & Nearby Stays
Greater Waco Chamber of Commerce, 101 South 3rd Street, Waco, United States
USD 268.61
