Thousands of farms face a deadline to submit documents to the Treasury Department under the ...

Thousands of farms face a deadline to submit documents to the Treasury Department under the Corporate Transparency Act. Farmers and ranchers may face steep fines and possible jail time for failing to file their businesses with the federal government. Jan. 1, 2025, is the deadline to file Beneficial Ownership Information with the Treasury Department under the requirements of the Corporate Transparency Act. Nebraska Farm Bureau's, Jordan Dux explains in this Policy Short.