Fraud & Abuse:
Check Out These Exceptions To The CTA Rule
Published on Thu Feb 29, 2024
No taxes means no reporting. Don’t assume you are off the hook for Corporate Transparency Act reporting, because you probably aren’t. There are 23 types of entities exempt from reporting. These exemptions are generally for entities that already have significant government reporting requirements, such as: Already highly regulated firms (e.g., banks, insurance companies and credit unions) Entities exempt from taxation [...]