FinCEN: Beneficial Ownership Information
This course is designed to equip accounting professionals with a thorough understanding of Beneficial Ownership Information (BOI) reporting requirements, the legal context, and the role of tax practitioners in ensuring compliance. By focusing on the distinctions between BOI and customer due diligence, as well as navigating the evolving legislative landscape, participants will be better prepared to guide their clients through the complexities of BOI compliance. This course emphasizes practical strategies for staying ahead of legal challenges and legislative developments that impact BOI reporting.
Understanding Beneficial Ownership Information (BOI)
BOI vs. Customer Due Diligence: Clarifying the Distinctions
Navigating BOI Reporting Amid Legal Challenges
The Role of Tax Practitioners in BOI Compliance
Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation. He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC, where he was the lead attorney for several significant tax ethics cases. Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an MS in Accounting from the University of Connecticut.
