FINCEN Calls A Much Needed Time Out For Beneficial Ownership Information Reporting While Congress Mulls Changes
The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) ...
JD Supra2h
"CTA Whiplash: FinCEN Pumps the Brakes on Enforcement - What’s Next?"
Corporate Transparency Act (the “CTA”) compliance has taken yet another unexpected turn. Just as companies were gearing up to ...
Treasury Declares New Ownership Reporting Law Will Apply Only To Foreign Companies
In surprise announcement, the Trump Administration says it won’t apply the beneficial ownership requirements of the ...
Nonprofit concerns with the Corporate Transparency Act
After sitting on ice for most of the winter, the Corporate Transparency Act (CTA) is ready to spring into action. Companies ...
JD Supra1d
FinCEN Suspends CTA Enforcement
On February 18, 2025, the United States District Court for the Eastern District of Texas reinstated reporting obligations ...
Repairer Driven News10h
Treasury Department announces suspension of CTA enforcement
The U.S. Treasury Department announced Sunday a suspension of the enforcement of the Corporate Transparency Act (CTA) against ...
Central Penn Business Journal6h
Corporate Transparency Act on hold once again
The Corporate Transparency Act, which has been on again and off again for months is now off again.
The National Law Review10d
CTA Reporting Restored: FinCEN Extends Filing Deadlines and Signals Revisions to Reporting Requirements After Federal Court Lifts Stay
On February 18, 2025, the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the ...
Accounting Today1h
BOI reporting will not be enforced
Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses — for now, at least.
Inside the twists and turns of a new business reporting mandate
A trio of lawyers from Venable LLP break down the history of the Corporate Transparency Act and what businesses need to know.
Compliance Week4d
Treasury announces plan to narrow CTA's scope; FinCEN says no fines, penalties for failure to report BOI
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...
The National Law Review4d
FinCEN Again Delays CTA Reporting Deadlines and Suspends Enforcement
On February 27, 2025, the U.S. Financial Crimes Enforcement Network (FinCEN) announced that it intends to issue an interim final rule by March 21, 2025, with extended beneficial ownership information ...