News

JD Supra12d
Practical Implications of the Interim Final Rule for BOI Reporting Under the CTA
As we previously discussed, the Financial Crimes Enforcement Network (FinCEN) published an interim final rule (IFR) on March 26 that narrowed ...
JD Supra26d
FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons Under the CTA
removing the requirement for U.S. domestic reporting companies and U.S. persons to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). The IFR removes the ...
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Treasury Department Will Not Enforce BOI Requirements for U.S. Small Businesses. Here's What to Know.
On Sunday, the U.S. Treasury Department announced that it would not enforce the Beneficial Ownership Information (BOI) reporting requirement for U.S. citizens and domestic companies. Business ...
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Trump praises Treasury Department's move to suspend enforcement of BOI requirements
President Donald Trump praised the Treasury Department on Truth Social on Sunday for announcing it was suspending enforcement of the Beneficial Ownership Information (BOI) reporting requirement ...