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| Author : | Joseph P Helstrom, CPA |
| Course Length : | Pages: 19 ||| Word Count: 6910 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
| CPE Credits : | 1.0 |
| IRS Credits : | 0 |
| Price : | $12.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Specialized Knowledge - Specialized Knowledge for Course Id 2354 |
| Description : | The Beneficial Ownership Information Reporting Rule requires reporting companies to disclose certain information. Generally, reporting companies must disclose their legal name, any DBA names, the address of their principal place of business in the U.S., jurisdiction of formation, IRS TIN or EIN as well as information concerning beneficial owners. There are rules and exceptions as to what constitutes a reporting company. A beneficial owners is any individual who exercises substantial control over a reporting company or one who owns or controls at least 25% of the ownership interests. Information disclosed about beneficial owners includes full legal name, date of birth, current address, and the number and image of either a U.S. passport, state driver’s license or other identification document issued by a state, local government or tribe. Once again, there are rules that help define who constitutes a beneficial owner. This course uses published guidance from FinCEN to provide an overview of the rules and reporting requirements. |
| Usage Rank : | 0 |
| Release : | 2024 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Financial Crimes Enforcement Network (FinCEN) Overview
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 22-Aug-2024 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 2354 |
| Keywords : | Specialized Knowledge, Overview, FINCEN, BOI, Reporting, Requirements, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives Upon completion of this course, you should be able to:
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| Course Contents : | Chapter 1 - Overview of FINCEN BOI Reporting Requirements What is FinCEN? What is the purpose of filing Beneficial Ownership Information (BOI)? Who Needs to File a Beneficial Ownership Report? What Constitutes a Reporting Company? FinCen BOI FAQs Who is a Beneficial Owner? FinCen BOI FAQs What Information is Required to be Reported? FinCen BOI FAQs When Should the Initial Beneficial Ownership Information Report be Filed? What is a FinCEN Identifier and How is it Used? FinCen BOI FAQs How is the Beneficial Ownership Information Report Filed? FinCen BOI FAQs Review Questions Glossary |
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