Date: September 4th, 2026

Time: 2pm ET | 1pm CT | 12pm MT | 11am PT

Duration: 120 Minutes

Description:

On January 1, 2024, FinCEN launched one of the most sweeping anti–money laundering reforms in decades: the Corporate Transparency Act (CTA), requiring millions of U.S. and foreign entities to file Beneficial Ownership Information (BOI) Reports. But the landscape shifted dramatically on March 1, 2024, when the U.S. District Court for the Northern District of Alabama ruled in National Small Business United v. Yellen (“NSB”) that the CTA is unconstitutional.

Now, with FinCEN’s August 2026 final rule permanently exempting U.S. companies and persons from BOI reporting—while retaining obligations for certain foreign entities the compliance picture has changed again. This course cuts through the noise to deliver actionable guidance for tax and compliance professionals navigating this evolving regime.

You’ll get a clear breakdown of:

• The CTA’s original framework and who it targeted

• The NSB ruling’s legal and practical fallout

• FinCEN’s final rule: who’s exempt, who still reports, and what data gets deleted

• Emerging risks from FinCEN’s proposed rules on non-financed residential real estate purchases and gratuitous transfersseyfarth+1

Whether you advise small businesses, manage corporate compliance, or prepare tax filings for entities with ownership complexity, this session equips you to counsel clients confidently in a post-NSB, post-final-rule world.

Topics Covered

• CTA Background: Legislative intent, scope, and enforcement timeline.
• BOI Reporting Rule: Core mechanics, filing thresholds, and entity classifications.
• Who Must Report: Domestic vs. foreign reporting companies; exemptions and exceptions.
• Reporting Obligations: What triggers a filing, update, or correction.
• Deadlines: Initial, updated, and corrected report due dates under original and current rules.
• Required Data: Beneficial owner details, company applicant info, and supporting documentation.
• Penalties: Civil and criminal consequences for noncompliance or willful violations.
• Filing Process: Step-by-step walkthrough of FinCEN’s BOI e-filing system.
• NSB Ruling Impact: Constitutional challenges, enforcement pauses, and practical implications for entities.
• Post-Ruling Strategy: How to adjust compliance plans given the August 2026 final rule.
• Horizon Watch: FinCEN’s proposed rules on cash residential real estate deals and gift transfers and what they mean for future reporting burden

Learning Objectives

• Analyze the CTA’s original and current reporting requirements for domestic and foreign entities.
• Identify which businesses must (or must not) file BOI reports under the August 2026 final rule.
• Determine what information each reporting company must collect and submit.
• Recognize which individuals qualify as beneficial owners or company applicants.
• Recall which entities are exempt from filing and why.
• Explain the penalties for late, inaccurate, or willfully false reporting.
• Formulate a compliant, risk-aware reporting strategy in light of the NSB decision and FinCEN’s final rule.
• Compare the potential impact of FinCEN’s proposed rules on non-financed real estate transactions and gratuitous transfers.

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Update
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 120 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

 Steven Mills, CPA,  EA

Steven holds a Juris Doctor of Law degree , is an Enrolled Agent (EA) Account  and Certified Public, EOS Integrator, and Senior Tax Director. Bringing over 30 years of finance, accounting,  Tax Planning  and  International Taxation experience, he enjoys helping Tax Professionals  and  startups stay focused on the big picture objective while maintaining an eye to the details and performing realistic risk assessments.