While the United States Department of Justice appeals the Alabama federal court decision holding the Corporate Transparency Act unconstitutional, the question of compliance comes into sharp focus for business owners.
The Federal Court in the Northern District of Alabama has ruled that the Corporate Transparency Act is unconstitutional. The decision, however, is limited in scope.
Third-party payers that improperly claim employment tax credits on behalf of employer clients can be liable for underpayments when they make the claim and file returns under their own EIN, the IRS says.
With the gridlock in Congress, an argument could be made that the only things happening in Washington these days involve the Employee Retention Credit
This is something my father-in-law used to say. He has been gone for a while, so I have not heard him say it for a while,
Read the most up-to-date FAQs on Beneficial Ownership Information to ensure your business is in compliance with the CTA.