Corporate Transparency Act Updated - Completing the Form
The new Corporate Transparency Act went into effect 01/01/2024 and severe financial and criminal penalties will apply to businesses that fail to report. Exemptions are available for various types of taxable and not-for-profit entities as wll as businesses with >$5 million in revenues and 20 employees under IRS definition guidelines. All filing, exemption and reporting requirements will be explained in this short course
Upon completion of this course, you will be able to: Understand what the new CTA requires, what reporting is required, when reports are due, what filing exemptions are available, and potential penalties and definitions
CPE Hours : 1
Level : Basic
Prerequisites : None
Field Of Study : Taxes
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