Corporate Transparency Act 2024 How To File Tax Return. Opco meets the place of business prong (delaware headquarters), the $5 million prong (reported in previous year’s consolidated tax return), and the 20+ employee prong, and. The corporate transparency act (cta) was passed in 2021 and became effective beginning on jan.

An entity that qualifies under any of these 23 exemptions will not need to file a boi report, unless the company later becomes nonexempt. Reporting companies formed on or after january 1, 2024, must file within 30 days of formation, although a proposed extension for 2024 filings to 90 days is anticipated to be.