The Corporate Transparency Act was designed to crack down on bad actors who would use U.S. businesses to conduct illegal activity. It goes into full effect in January, leaving many farmers and ranchers looking for guidance on their reporting requirements.
Agri-legal expert Roger McEowen with the Washburn School of Law joined us Monday on Market Day Report to dig into the new law and what it means for farmers. In his conversation with RFD-TV’s own Suzanne Alexander, McEowen provided some background on the CTA and explained its main objective as well as what farmers should know about the IRS’ pause on employee retention credit claims due to a significant rise in fraudulence.
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