Accounting Today53m
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.
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 ...
JD Supra59m
Corporate Transparency Act Enforcement PAUSED - Reporting Companies May Suspend Compliance Pending Further FinCEN Guidance
As we noted in our February 20, 2025, client alert, unless the Financial Crimes Enforcement Network ("FinCEN") or Congress ...
Ukiah Daily Journal43m
Taxes and Finance: The new problem with IRS identity theft
In its most recent annual report to Congress, the Taxpayer Advocacy Service outlines troublesome trends it sees in the processing and administration of tax returns and taxpayer support. By law, ...
The National Law Review38m
Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies
The Treasury Department announced plans to significantly narrow beneficial ownership information (BOI) reporting obligations ...