The Corporate Transparency Act, effective from January, mandates entities formed this year to make their initial filing with FinCEN within 90 days of formation. Entities formed before 2024 have the entire year to comply. Well-prepared companies are using this time to analyze and fine-tune their structures to best position themselves to report as efficiently as possible. With the information reported to FinCEN now widely accessible to the IRS, it’s crucial for legal departments and in-house practitioners to collaborate with their counterparts in finance, tax, and compliance to ensure consistent reporting across government agencies and minimize audit risks.
Discover how the IRS’s significantly enhanced enforcement and technology budgets, along with new information sources like the Corporate Transparency Act, are set to impact large corporations, complex partnerships, and high net worth individuals who are under the IRS’s scrutiny.
This panel will also share insights gleaned from the initial months of filings under the Corporate Transparency Act and discuss how companies can benefit from the various reporting exemptions.
Speakers:
- Melissa L. Wiley, Partner, Lowenstein Sandler LLP
- Laura Murray, General Counsel, Virginia REALTORS
Time: 12:30-2 p.m. ET
*Registration is limited to in-house counsel
