Corporate Transparency Act 2024 How To File It

Corporate Transparency Act 2024 How To File It. Certain llcs, corporations and other entities will be required by a federal statute called the corporate transparency act (cta) to file a beneficial ownership information (boi) report with a division of the department of. The goal of the cta is to address illicit activities, like money laundering and tax evasion, by gathering additional information about the ownership of specific entities operating.

Beginning january 1, 2024, the us corporate transparency act (cta) will require “reporting companies” to submit a report to the financial crimes enforcement network. Under the cta, a trust that meets the definition of a “reporting.