December 23, 2024

Treasury Department may fine small businesses $10,000 or more if they don’t file this new report

 Treasury Department may fine small businesses $10,000 or more if they don’t file this new report

Treasury Department may fine small businesses $10,000 or more if they don’t file this new report

The Corporate Transparency Act requires many businesses to file data about their “beneficial owners” by Jan. 1. But the rule is being challenged in court.