Navigating the Corporate Transparency Act
The Corporate Transparency Act, also known as B O I (Beneficial Ownership Information) reporting, is a groundbreaking regulation set to take effect on January 1, 2024. This legislation mandates millions of small businesses, ranging from local LLCs to large corporations, to file a form with the U S Department of Financial Crimes and Enforcement Network. In this episode of the Tax Insights Podcast, Jeff provides expert insights on Beneficial Ownership Information reporting, outlining key requirements and deadlines.