Corporate Transparency Act

Corporate Transparency Act

Corporate Transparency Act – Beneficial Ownership Information Reporting Requirement

The Corporate Transparency Act (“CTA”) was enacted into law as part of the National Defense Act for Fiscal Year 2021.  The CTA requires the disclosure of the beneficial ownership information (otherwise known as “BOI”) of certain entities from people who own or control a company.

Scams, Schemes, and Scoundrels: IRS Issues 2024 “Dirty Dozen” List

Scams, Schemes, and Scoundrels: IRS Issues 2024 “Dirty Dozen” List

Around the end of every tax season, the IRS publishes its annual “Dirty Dozen” list of common tax-related scams and abuses that unsuspecting taxpayers might encounter. Although it is not a formal notice of agency enforcement priorities, the Dirty Dozen list is a useful reminder of the many devious schemes fraudsters have concocted to gain access to taxpayers’ money or personal information, or to promote abusive tax-saving plans.

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