September Quarterly Dinner Meeting
The Corporate Transparency Act - What Estate Planners Need to Know Now
Effective January 1, 2024, the Corporate Transparency Act (“CTA”) will require many businesses operating in the United States to report beneficial ownership information to the United States Department of Treasury Financial Crimes Enforcement Network (“FinCEN”) upon entity formation and certain beneficial ownership changes, or face stiff penalties. Businesses in existence prior to January 1, 2024 will have until January 1, 2025 to comply. This presentation will discuss the who, what, when where, why and how of the reporting obligations under the CTA, with a particular focus on how these new rules may impact your estate planning clients and your own practice. We will talk about what we know and what we don’t yet know about how the CTA will apply, and what you should be doing now to prepare your practice and your clients.
M. John Way
Schwabe, Williamson & Wyatt
John is a Shareholder with Schwabe, Williamson & Wyatt, where his practice focuses on advising private business owners in the areas of tax, business transactions, succession and estate planning. John has an LL.M. in Taxation from the University of Washington School of Law, and his law degree from Tulane University.
Amber K. Quintal
Ogden Murphy Wallace, P.L.L.C.
Amber is a Member of the Business Department of Ogden Murphy Wallace, P.L.L.C. in Seattle, WA. Her practice includes tax, business structuring and transactions, and estate planning for high net worth families, business owners and professionals. Amber has an M.B.A., J.D. and L.L.M. in Taxation from the University of Washington.
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