Don Farmer's 2024 Corporate/Business BOI Reporting & Return Administration

Overview

Stay ahead of the latest tax developments and safeguard your business against costly mistakes. The 2024 Corporate/Business BOI Reporting & Return Administration Issues covers critical updates, including detailed insights into IRS standards, evolving tax practices, and new reporting requirements. Learn how to navigate the latest changes to information return penalties and take advantage of new standards for data protection and tax representation. Discover the implications of Supreme Court decisions impacting IRS regulations and explore enhanced business tax accounts and IRS initiatives, including updates to the Offer in Compromise process and alerts on new credit scams.

Highlights

Major Subjects:

• Updated information return penalties and reporting requirements
• New standards for data protection and tax representation
• Supreme Court decisions affecting IRS regulations
• Enhanced business tax accounts and IRS initiatives
• Updates to the Offer in Compromise process
• Alerts on new credit scams and PTIN verification changes

Prerequisites

None

Designed For

Tax professionals

Objectives

• Recognize FINCEN Beneficial Ownership Information Reporting requirements.
• State who is a beneficial owner.
• Identify which returns are not eligible for first-time abatement.
  

Preparation

None

Notice

VSCPA