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Yes, Your Small-Business Clients Still Must File FinCEN Reports
Expert Opinion September 23, 2024 at 03:11 PM
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What You Need To Know
- The Corporate Transparency Act remains in effect for most taxpayers despite a court ruling applying to certain plaintiffs.
- FinCEN has updated its guidance to provide additional details on who is required to comply.
- Most small-business clients will not qualify under the exemptions that have been created.
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