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Small businesses face potential fines of up to $10,000 for failing to comply with a new U.S. Treasury reporting requirement under the Corporate Transparency Act, aimed at curbing illicit finance. With a deadline of January 1, 2025, many businesses remain unaware or non-compliant, despite a federal court temporarily blocking enforcement. The Treasury has received about 9.5 million filings, representing only 30% of the estimated total, raising concerns about widespread violations as the deadline approaches.
Exchange-traded funds (ETFs) offer significant tax advantages over mutual funds, particularly for investors in taxable accounts, due to their unique structure that minimizes capital gains distributions. This efficiency is especially beneficial for U.S. growth stocks, which derive over 95% of their returns from capital gains. However, bond ETFs provide less of a tax edge, as their returns are primarily from income, and during market volatility, bond ETFs may disconnect from their underlying asset values more than mutual funds.
Charlie Fitzgerald III
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new treasury reporting requirement could impose heavy fines on small businesses
14:28 09.12.2024
etfs offer tax advantages over mutual funds for nonretirement investors
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Charlie Fitzgerald III
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19:34 22.10.2024
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