WARNING TO ALL CPAs:
The CTA May Create Potential Liabilities for You
for the Unauthorized Practice of Law!
The Corporate Transparency Act (“CTA”) filing deadline is coming up at the end of 2024 and there is limited time to address filings. Recently, the New Jersey Bar issued an opinion letter stating that while CPAs and Enrolled Agents can assist clients with CTA filings, that if the filing issues are “complex”, any assisting clients without legal guidance will constitute the unauthorized practice of law!
What does this mean to CPAs and the risks and liability they may face helping clients? What relevance might a NJ opinion have to CPAs in other jurisdictions? FinCEN recently issued FAQs addressing trusts.
We have turned to three of the nation’s leading tax and estate planning experts, Martin M. Shenkman J.D., CPA, MBA, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), and Alan S. Gassman J.D., LL.M. (Taxation), Florida State Bar Certified Specialist in Wills, Trusts & Estates, AEP (Distinguished) to provide much-needed insight and discussion about this in a timely presentation entitled, “Corporate Transparency Act: An Overview of CPA Liability for Unauthorized Practice of the Law”.
During this 65-minute presentation, you will learn:
- The status of Corporate Transparency Act
- What every CPA and EA needs to know about this issue around assisting clients without legal guidance and the risk of the unauthorized practice of law!
- What new issues and complications are now created by FinCEN’s recently released FAQs and their guidance on trusts
- When might a trust company or owners of the trust company have to file?
- What might this mean for trusts and reporting companies owned by trusts?
- How this new FAQ contradicts previous guidance about companies that have been dissolved before 2024 - - and why some entities may still be required to file!
- And much, much more!
All of these changes create considerable complexity and difficulties for practitioners to advise their clients and all of this is in addition to the ongoing challenges to the CTA that is still being litigated in various cases. Be sure that you’re armed with the information you need to know about the CTA to properly help your clients and avoid potential unauthorized practice of law issues!
Your purchase includes an instantly downloadable video recording. A PDF transcript is available as an add-on for an additional fee.
- Program Title: Corporate Transparency Act: An Overview of CPA Liability for Unauthorized Practice of the Law
- Speaker: Alan S. Gassman, Martin M. Shenkman, Robert S. Keebler
- Duration: 65 minutes
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ABOUT THE SPEAKER
Alan S. Gassman
J.D., LL.M. (Taxation), Florida State Bar Certified Specialist in Wills, Trusts & Estates, AEP (Distinguished)
Alan S. Gassman, J.D., LL.M. (Taxation) is a partner of Gassman Law Associates in Clearwater, Florida. Mr. Gassman is a Florida State Bar Certified Legal Specialist in Wills, Trusts and Estates Law and a member of the National Association of Estate Planners and Councils. Mr. Gassman graduated from Rollins College with a B.A., with distinction, in Business Administration and Accounting. He went on to earn both his J.D., with honors, and LL.M. in Taxation from the University of Florida. He is currently licensed to practice law in the state of Florida. Mr. Gassman is currently a Fellow of the American…
Martin M. Shenkman
J.D., CPA, MBA
Martin “Marty” Shenkman, Esq., CPA, MBA is an estate planning attorney and Certified Public Accountant from Paramus, New Jersey. He received his Bachelor of Science degree from Wharton School, University of Pennsylvania 1977 with a concentration in accounting and economics. He received a Masters degree in Business Administration from the University of Michigan 1981, with a concentration in tax and finance. Mr. Shenkman is a widely quoted expert on tax matters and is a regular source for numerous financial and business publications, including The Wall Street Journal, Fortune, Money, The New York Times, and others. He has appeared as a…
Robert S. Keebler
CPA/PFS, MST, AEP (Distinguished)
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue…
IMPORTANT NOTICE REGARDING CE CREDIT
The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.
However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.