New federal requirement:

Order your Beneficial Ownership Report

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New federal law TEST: Most business entities must file a Beneficial Ownership Report to comply with the Corporate Transparency Act.

Order report

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New Corporate Transparency Act rule: File now

New Corporate Transparency Act rule: File now

What are the benefits of pass-through taxation?

One of the main tax benefits of electing a pass-through business structure is avoiding double taxation. Business earnings are only taxed once, on the owner or shareholder's personal tax return.

Find out more about Business Taxes

Janet Berry-Johnson

by Janet Berry-Johnson

A freelance writer with a background in accounting and income tax planning and preparation for individuals and small ...

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Updated on: December 6, 2023 · 5 min read


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This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

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