Treasury Department Suspends Corporate Transparency Act Reporting for U.S. Citizens and Domestic Reporting Companies
Many U.S. taxpayers and businesses have been following the implementation of the Corporate Transparency Act, which imposes reporting obligations on the beneficial owners and others of U.S. entities. Treasury recently announced that it will not enforce penalties or fines against U.S. citizens or domestic reporting entities. It also announced it will be issuing proposed rules … Read more