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attention business owners for the first time in about 20 years major changes have been made to the United States anti-money laundering laws these changes which were a part of the corporate transparency act will dramatically affect reporting requirements for corporations llcs and other business entities that were created or are registered to do business in the United States so a lot of my clients have been asking me about this and Im making this video to explain everything that you need to know about the corporate transparency act were going to cover why it was created who its for what the effects are and when does it go into effect and most importantly how do you remain in compliance with the IRS so youre not dealt with a huge fine penalty or possibly something even worse lets Dive In all right guys welcome back to this video my name is Carlton Dennis and we are on taxes Made Simple my workshop where I teach you taxes and I break it down in a simple format now in todays video I