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## Investigator Brian Roach on the Corporate Transparency Act Scam

Investigator Brian Roach sheds light on the deceptive tactics behind a recent scam targeting small business owners. The scam revolves around exploiting the confusion surrounding the implementation of the Corporate Transparency Act, which came into effect on January 1st of this year. This act mandates companies to disclose information about their owners to the federal government.

Scammers are leveraging this new provision by circulating a deceptive form, labeled Form 4022, which masquerades as a legitimate government document. The form claims to be from the non-existent United States Business Regulation Department and imposes a fictitious filing fee of $117. Upon closer inspection, the form’s heading reads “Mandatory Beneficial Ownership Reporting.”

It is crucial to differentiate between the real requirements of the Corporate Transparency Act and the fraudulent nature of Form 4022. The genuine act requires registration by January 1st, 2025, without any associated filing fee. The fake form aims to deceive unsuspecting business owners into divulging sensitive information and parting with their money.

AI legalese decoder can be a valuable tool in uncovering such scams by analyzing legal documents and identifying discrepancies or inconsistencies. By utilizing this technology, small business owners can protect themselves from falling victim to fraudulent schemes like the one associated with Form 4022. Don’t hesitate to share this vital information with fellow business owners to shield them from potential harm.

Remember, awareness and vigilance are key in safeguarding against opportunistic scammers.

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