Estate Planning

The Not-So Transparent Corporate Transparency Act

Editorial Staff 0 min read

Estate Planning attorneys need to understand multiple issues ranging from taxes to asset protection to create a comprehensive estate plan. Passage of the Corporate Transparency Act adds yet another layer to the already complex world of Estate Planning. Beginning on January 1, 2024, any company that qualifies as a Reporting Company needs to file a report with the Financial Crimes Enforcement Network (FinCEN) regarding its Beneficial Owners and individuals who helped register the Reporting Company. The provisions of the Corporate Transparency Act are designed to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity. Read on to learn more.

Parman & Easterday is an estate planning law firm in Oklahoma City and Tulsa, Oklahoma.We focus on providing peace of mind for our clients through effective and thoughtful estate planning.

Courtesy of Parman and EasterdayLatest posts by Courtesy of Parman and Easterday (see all)

Story originally seen here

Editorial Staff

The American Legal Journal Provides The Latest Legal News From Across The Country To Our Readership Of Attorneys And Other Legal Professionals. Our Mission Is To Keep Our Legal Professionals Up-To-Date, And Well Informed, So They Can Operate At Their Highest Levels.

The American Legal Journal Favicon

Related

Adapt Your Estate Plan Based On the Beneficiaries

Editorial Staff

Some people think that you have to use a will when you plan your estate unless you are very wealthy.

Special Need Planning: ABLE Accounts

Editorial Staff

If you are the parent or grandparent of a child with special needs, the importance of incorporating a special needs

The Importance of Choosing the Right Fiduciaries in Your Estate Plan

Editorial Staff

During the creation of your estate plan, you will be required to make numerous decisions. Some of those decisions will

Leave a Reply