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Are Small-Business Clients Ready for This Looming Deadline?
Expert Opinion November 27, 2024 at 05:57 PM
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What You Need To Know
- Penalties for willful violation of the reporting rule are $591 per day.
- Companies that are formed next year will have only 30 days to comply.
- The law does create exemptions for tax-exempt entities, certain political organizations and inactive organizations.
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