9/2023 Publications

New Entity Beneficial Ownership Reporting Deadline Extended to 90 Days

Tax Notes Article

Severiano Ortiz is quoted in an article related to new proposed regulations related to the Corporate Transparency Act and its beneficial ownership rules. The proposed rule, released September 27, 2013, essentially provides a very limited extension of time for entities formed or registered between January 1, 2024, and January 1, 2025. In this limited scenario, the initial beneficial ownership information report will be due within 90 days instead of the original 30-day deadline. Then the deadline returns to 30 days for entities formed or registered after January 1, 2025. Tax Notes. September 27, 2023. Download