The fourth installment in a multi-part series looking at the new Corporate Transparency Act describes recent updates from FinCEN to its CTA guidance as the law is set to take effect January 1, 2024. The updates include an extended deadline to file the initial report for reporting companies formed or registered in 2024; clarification of the effective date for information reported on the initial report; and helpful information when deciding whether to use FinCEN identifiers for entities.
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