Trusts & Estates | | Oct 19, 2020
Amidst the worldwide COVID-19 crisis, many US citizens who have worked abroad and paid into pension trusts may have missed a significant change made by the US Internal Revenue Service (IRS) on 02 March 2020. page (10-11 on the pdf) https://press.ggi.com/tep/06/
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On February 27, 2025, FinCEN released a statement that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act (CTA) by the current deadlines. On February 17, 2025, FinCEN issued an alert that the new deadline for most companies would be March 21, 2025. Now, FinCEN intends to issue an interim final rule that extends BOI reporting deadlines no later than March 21, 2025.
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As the date of the “Big Game” draws closer, the number of office and family block pools increases each year.
