Prop 19 and Estate Planning Resulting in over $10 million of tax savings
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Corporate Transparency Act Alerts
Highlights
The CTA imposes new significant reporting requirements for businesses starting January 1st 2024.
This will affect approximately 33 Million Corporations and LLC’s already formed AND those that will be formed after Jan 1st 2024.
Many companies will be required to report and regularly update beneficial ownership information they may not currently possess.
There are Civil and Criminal penalties for failure to file.
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