US EditionTreasury Halts Enforcement of Business Ownership Reporting Rule
- The U.S. Treasury Department announced it will not enforce the Beneficial Ownership Information reporting requirement for U.S. Citizens and domestic companies, suspending the March 21 deadline for compliance.
- The emergency regulation narrows the BOI requirement to only foreign-reporting companies, exempting domestic firms from filing reports.
- Treasury Secretary Scott Bessent stated that this action supports small businesses and is part of President Trump's agenda to reduce regulatory burdens.
- Job Creators Network noted that most small businesses were unaware of the Corporate Transparency Act and praised the move as a rescue from a significant burden.
125 Articles
125 Articles
The saga of the Corporate Transparency Act ends for HOAs
Corporate Transparency Act will no be enforced against HOAs Many HOA attorneys, managers and boards have been following the saga of the Corporate Transparency Act, which originally required HOAs to file “Beneficial Ownership Information” reports with the FinCEN, a subdivision of the U.S. Treasury Department. Court challenges and appeals had suspended and then reinstated the act’s deadlines so that the original Jan. 1 deadline had most recently s…
Jonesboro Sun
Stuttgart Daily LeaderMore changes for the Corporate Transparency Act
FAYETTEVILLE — The reporting requirements of the Corporate Transparency Act – the anti-money laundering and tax evasion law that has been kicked around various federal courts – will no longer be enforced, the Treasury Department said.
BOIR: Treasury Suspends CTA Enforcement
Tweet The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect e…
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