The Corporate Transparency Act (CTA) introduced substantial new reporting obligations for a wide array of corporate entities. Generally, any domestic entity formed by filing documents with a secretary of state or similar...more
2/24/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
Business Entities ,
Compliance ,
Corporate Transparency Act ,
Filing Deadlines ,
FinCEN ,
IRS ,
Popular ,
Regulatory Requirements ,
Reporting Requirements ,
U.S. Treasury
A variety of businesses, such as LLCs, LLPs, partnerships, and corporations, formed before January 1, 2024, have until January 1, 2025, to file their initial report with the Department of Treasury’s Financial Crimes...more
11/26/2024
/ Beneficial Owner ,
Corporate Transparency Act ,
Employer Identification Number (EIN) ,
FEMA ,
FinCEN ,
IRS ,
Popular ,
Reporting Requirements ,
Taxpayer Identification Number ,
Time Extensions ,
U.S. Treasury
On April 09, 2020, the Department of Treasury and the IRS announced Notice 2020-23, which extends key tax deadlines related to Section 1031 Like-Kind Exchanges and Opportunity Zones.
With respect to Like-Kind Exchanges, if...more
The Tax Cuts and Jobs Act of 2017 (TCJA) provides a pass-through deduction that can reduce the top rate for eligible taxpayers from 37 to 29.6 percent. That deduction, however, is limited (subject to certain income threshold...more