New 2024 Rule: Beneficial Ownership Reporting
Update: 2024-08-28
Description
On today’s episode of Tax Insights, Jeff explains a new rule for 2024 that affects LLCs and similar businesses. These entities must file Beneficial Ownership Information with the government by December 31st to avoid hefty penalties. This filing is typically a one-time requirement unless changes occur within the business. Tune in to learn how this new regulation could impact your business and ensure you stay compliant.
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