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Treasury delays deadline for small businesses to file new form to avoid risk of fines for noncompliance

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Summary
Nutrition label

88% Informative

The U.S. Treasury delayed a Jan. 1, 2025 , deadline to file a new "beneficial ownership information" report by about two weeks , to Jan. 13 .

Noncompliance carries potential fines that could exceed $ 10,000 .

The report is called a Beneficial Ownership Information report.

VR Score

92

Informative language

92

Neutral language

80

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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