
The U.S. Treasury Department is addressing concerns regarding the Corporate Transparency Act's disclosure requirements, which some fear may lead to increased government data collection. In a recent brief, the department urged a Michigan federal judge to uphold the Act as constitutional. The Act has raised compliance concerns among a majority of U.S. businesses and has been noted for creating burdens for real estate organizations. The Act's filing requirements, aimed at identifying beneficial owners, are central to these concerns.
Opinion: The Corporate Transparency Act and the burden it creates for real estate organizations https://t.co/wPLmxEIhqI
Filing Requirements Under the Corporate Transparency Act: Steal Beneficial Owners https://t.co/n141Ss5XhL #corporatetransparency #compliance #fincen @FinCENnews https://t.co/0wKU29TQpz
TIC Form SHL-Reporting of Foreign Holdings of U.S. Securities Due August 30, 2024 https://t.co/atxGDD7YN4 | by @FoleyHoag

