On-Demand: Hot Topic - Corporate Transparency Act - An In-Depth Analysis for Tax Experts
Course Description
This course offers tax professionals a comprehensive exploration of the Corporate Transparency Act (CTA) and its implications on tax compliance and reporting. The CTA imposes new reporting requirements to enhance corporate transparency, presenting tax professionals with fresh challenges and opportunities. Participants will delve into the intricacies of the CTA, examining reporting obligations, potential impacts on taxation, compliance strategies, and practical steps to ensure adherence. Through case studies and expert insights, attendees will gain the knowledge and tools needed to navigate this legislative shift effectively.
Learning Objectives
- Understand the Corporate Transparency Act (CTA):Gain a deep understanding of the Corporate Transparency Act, including its objectives, provisions, and its potential impact on tax compliance and reporting.
- Analyze Reporting Obligations:Examine the reporting obligations mandated by the CTA, dissecting the key elements, thresholds, and criteria triggering reporting requirements, ensuring compliance and accurate reporting.
- Assess Tax Implications and Strategies:Analyze the tax implications stemming from the CTA, including potential changes in tax planning, transfer pricing, and other tax-related aspects. Develop strategies to adapt to these changes effectively.
- Implement Compliance Best Practices:Discover best practices to achieve compliance with the CTA, incorporating procedures and processes to meet reporting requirements while maintaining operational efficiency.
- Engage in Practical Application:Apply the knowledge gained by evaluating case studies and scenarios related to the CTA, providing a practical understanding of how to navigate compliance challenges and make informed decisions in real-world tax situations.
Presenters
John A. Mitchell, EA, LL.B., M.S Taxation
John A. Mitchell, EA holds a law degree and a Master of Science in Taxation. He began his tax journey by preparing 1989 tax returns in the 1990 filing season by hand. John is a foreign-licensed attorney and speaks Spanish at a “native speaker” level. He has been an enrolled agent since 2015 and is a member of the National Association of Enrolled Agents (NAEA) as well as the National Association of Tax Professionals (NATP) and has earned the distinguished credential of NTPI Fellow. John is on the Board of Directors of the Texas Society of Enrolled Agents (TXSEA) and the Greater Houston Chapter. He works at the law firm of Cantrell & Cantrell, PLLC in Houston, Texas, where he specializes in tax controversy. John is a husband, a father of two, step-father of two, and grandfather of two. When not working he enjoys books, movies, travel and spending time with family.
Read the full bio here!
John A. Mitchell, EA holds a law degree and a Master of Science in Taxation. He began his tax journey by preparing 1989 tax returns in the 1990 filing season by hand. John is a foreign-licensed attorney and speaks Spanish at a “native speaker” level. He has been an enrolled agent since 2015 and is a member of the National Association of Enrolled Agents (NAEA) as well as the National Association of Tax Professionals (NATP) and has earned the distinguished credential of NTPI Fellow. John is on the Board of Directors of the Texas Society of Enrolled Agents (TXSEA) and the Greater Houston Chapter. He works at the law firm of Cantrell & Cantrell, PLLC in Houston, Texas, where he specializes in tax controversy. John is a husband, a father of two, step-father of two, and grandfather of two. When not working he enjoys books, movies, travel and spending time with family.
Read the full bio here!
Continuing Education
This course qualifies for IRS and CTEC Continuing Education Hours. NAEA reports IRS/CTEC CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at
education@naea.org. IRS Requirements for live webinars require at least 50 minutes per hour of attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand will not be refunded.