• videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparation - Pass Through
  • schedule 110 minutes

BOI Reporting for Real Estate: Determining Beneficial Owners, Monitoring Changes, Actions to Facilitate Compliance

$197.00

This course is $0 with these passes:

CPE
ALL
  1. keyboard_arrow_leftBack

About the Course

Introduction

This webinar will comprehensively examine how the new Corporate Transparency Act (CTA) reporting requirements apply to real estate investors. Our panel of veteran real estate professionals will discuss the new reporting requirements as they apply to real estate owners and related entities. The panel will recommend specific actions individuals and entities should take to facilitate compliance with the new cumbersome act.

Description

Deciphering the reporting requirements of the CTA is challenging for all beneficial owners or potential beneficial owners. This Act's costs and administrative burdens are compounded for real estate investors. Determining who "exercises substantial control" under new and vague guidelines is particularly difficult for ownership structures that are often tiered and influenced by investors. Further, state and federal statutes regulating beneficial ownership may restrict or regulate a contemplated real estate transaction.

Whether real estate is held in an SPE, JV, LLC, or even an HOA, these entities need to take concrete steps to ensure compliance with the CTA, or otherwise, they could be subject to stiff penalties ($500 a day and even imprisonment) for ignoring or being unaware of the new reporting requirements. Additionally, these entities need to understand how the CTA relates to CFIUS, AFIDA, and other real estate beneficial ownership regulations: each of these regimes have penalties for non-compliance. Brokers, agents, developers, property managers, investors, and others must grasp the new beneficial ownership requirements as they apply to real estate investors.

Listen as our panel of real estate transaction attorneys delves into the beneficial ownership reporting requirements for lenders, buyers, and sellers of real estate.

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Tuesday, June 4, 2024

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Beneficial ownership reporting for real estate: introduction
  2. CTA:
    1. Reporting requirements and deadlines
    2. Exemptions
    3. Interpreting the requirements for real estate owners
    4. Determining who must report
    5. Monitoring changes
    6. Operating agreement modifications
  3. CFIUS, AFIDA, and other state regulations
  4. Recommendations to facilitate compliance
  5. Future considerations

The panel will review these and other critical issues:

  • The impact of the CTA on real estate entities and investors
  • What beneficial ownership regulations could otherwise impact a real estate transaction
  • How best to determine beneficial owners of real estate
  • Steps entities should take to facilitate compliance with beneficial ownership regulations

Learning Objectives

After completing this course, you will be able to:

  • Identify specific steps real estate investors and entities should take to facilitate compliance
  • Determine penalties that could be imposed for noncompliance
  • Decide who is a beneficial owner under the CTA, CFIUS, and AFIDA
  • Ascertain how the CTA impacts real estate investors
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and their respective partners and shareholders.

BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .