Melissa Wiley Addresses Corporate Transparency Act at Income Tax Seminar
Enacted by Congress in 2021, the Corporate Transparency Act (CTA) directs the Treasury Department to create a federal database of the beneficial ownership of a myriad of entities. The reporting rules will go into effect one year after the enabling regulations – the first tranche of which was published in December 2021 – are finalized. Are you and your clients ready? Is your own firm required to report? Come learn the basics of who must report, what information must be reported and when.