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