Corporate Transparancy Act Archives

BOI Filing Requirement Halted Again!

This is getting ridiculous, and we share your annoyance with this back and forth confusion. The Beneficial Ownership Information (BOI) filing requirements under the Corporate Transparency Act (CTA) to increase financial transparency and combat money laundering, have been halted once again, adding to the confusion and frustration for business owners. Here’s a quick timeline of […]

BOI Filing Requirements Reinstated: What Business Owners Need to Know

Bailey Scarano Blog, Tax & Money Tips / By Bonnie Buol Ruszczyk

The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are officially back in effect following a brief legal suspension. After a court injunction temporarily halted the rule, the Fifth Circuit Court of Appeals reinstated the reporting obligation on December 23, 2024. To accommodate the disruption, the Financial Crimes Enforcement Network (FinCEN)

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