Category Archives: FINCEN

It’s now official: Beneficial Ownership Information (BOI) reporting per the Corporate Transparency Act (CTA) is dead for almost all entities.  Late yesterday, FinCEN announced an interim final rule that effectively killed BOI reporting.  As noted in the announcement: In that … Continue reading →

Last night, President Trump and the Treasury Department each posted regarding the Corporate Transparency Act (which required Beneficial Ownership Information (BOI) reporting).  I happened to see President Trump’s announcement first (on Truth Social), quoted by Carol Roth on Twitter: From … Continue reading →

Last night, FinCEN issued a press release which made Beneficial Ownership Information (BOI) reporting voluntary (for now). Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on … Continue reading →

The US Supreme Court removed the stay that the 5th Circuit Court of Appeals had removed (after putting it on) that stayed enforcement of the Corporate Transparency Act that required Beneficial Ownership Information reporting. This means that if you have … Continue reading →

I swear I’m not making this up: Tonight, the 5th Circuit Court of Appeals has reversed the previous ruling, and once again the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) are again stayed nationally. This … Continue reading →

Today, the 5th Circuit Court of Appeals stayed the previous ruling putting a nationwide injunction against the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting.  This ruling can be appealed by the plaintiffs to the Supreme Court, but it’s … Continue reading →

In a move that surprises absolutely no one, the United States has appealed the preliminary injunction issued by Judge Amos Mazzant against the Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) reporting.  The appeal is to the Fifth Circuit … Continue reading →

A Texas court today issued a nationwide injunction against the Corporate Transparency Act and Beneficial Ownership Information (BOI) reporting.  Judge Amos Mazzant of the Eastern District of Texas issued the sweeping ruling in Texas Top Cop Shop, Inc. v Garland; … Continue reading →

We’re over 80% of the way through 2024, and with that another deadline approaches: the January 1, 2025 deadline to file Beneficial Ownership Information (BOI) reports through FinCEN.  This morning, we filed ours for Clayton Financial and Tax LLC.  The … Continue reading →