Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more

Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of ,000 or more

Key Points

The Treasury Department set a March 21 deadline for businesses to report “beneficial ownership information” or risk civil and criminal penalties. It delayed the prior deadline by 30 days.
The delay comes after a Texas district court struck down a nationwide injunction on enforcement of the Corporate Transparency Act.
The Treasury left open the possibility of further delays.

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