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U.S. Treasury Reporting Requirements

Foodman CPAs & Advisors

Beneficial Ownership Information Access

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On 11/15/24, FinCEN updated two Beneficial Ownership Information Access FAQs. The theme of the 11/15/24 update is Beneficial Ownership Access in accordance with the Corporate Transparency Act. FinCEN had previously update...more

Husch Blackwell LLP

Nationwide Injunction Halts Enforcement of the Corporate Transparency Act - UPDATED 12-16-2024

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As of the posting of this article, reporting companies nationwide do not need to comply with the Corporate Transparency Act’s (CTA) January 1, 2025, beneficial owner information (BOI) reporting deadline. Yet, given the appeal...more

Benesch

FinCEN Confirms Nationwide Pause of Corporate Transparency Act and BOI Reporting Requirements

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Entities should continue preparing to comply with BOI reporting requirements. On December 10, 2024, the Financial Crimes Enforcement Network (FinCEN) alerted businesses that, for now, they do not need to report their...more

Jaburg Wilk

Corporate Transparency Act Compliance Deadlines Suspended Nationwide

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The Corporate Transparency Act (CTA) plays a vital role in protecting the U.S. and international financial systems, as well as people across the country, from illicit finance threats like terrorist financing, drug...more

McCarter & English, LLP

Corporate Transparency Act: Preliminary Injunction & FinCen’s Response

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The Corporate Transparency Act (31 U.S.C. § 5336, the CTA), which went into effect on January 1, 2024, requires a broad range of corporations, limited liability companies, and other entities (“reporting companies”) to file...more

Hogan Lovells

U.S. District Court suspends enforcement of Corporate Transparency Act (CTA) and FinCEN implementing regulations

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On December 3, 2024, the U.S. District Court for the Eastern District of Texas suspended the enforcement of the U.S. Corporate Transparency Act (“CTA”) and its implementing regulations for “reporting companies” issued by the...more

Wiley Rein LLP

Corporate Transparency Act Update: Government Appeals Nationwide Injunction and Announces No Liability While Injunction Remains in...

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On Thursday, December 5, 2024, the U.S. Department of Justice filed notice that it plans to appeal the nationwide injunction issued by the U.S. District Court for the Eastern District of Texas in Texas Top Cop Shop v....more

Baker Botts L.L.P.

Federal Court Preliminarily Enjoins Corporate Transparency Act and Implementing Regulations Nationwide

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On December 3, 2024, Judge Amos L. Mazzant of the U.S. District Court for the Eastern District of Texas entered a nationwide preliminary injunction preventing the federal government from enforcing the Corporate Transparency...more

Epstein Becker & Green

Enforcement of Corporate Transparency Act Halted by Federal Court

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Following the decision of a federal court on December 3, 2024, enjoining enforcement of the Corporate Transparency Act (the “Act”), FinCEN announced last week that reporting companies are not currently required to file...more

Vinson & Elkins LLP

FinCEN’s Response to Nationwide Preliminary Injunction Against Enforcement of the Corporate Transparency Act

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As we previously discussed, on December 3, 2024, Judge Amos Mazzant of the U.S. District Court for the Eastern District of Texas issued a memorandum opinion and order granting a nationwide preliminary injunction against the...more

McGlinchey Stafford

And Now We Wait – DOJ Appeals to Fifth Circuit and FinCEN Makes a Statement on CTA Preliminary Injunction

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On December 5, 2024, the Department of Justice (DOJ), on behalf of the Department of the Treasury, filed a Notice of Appeal to the Fifth Circuit challenging the nationwide preliminary injunctive relief from compliance with...more

Paul Hastings LLP

Court Pauses Beneficial Ownership Reporting Under the Corporate Transparency Act

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On December 3, 2024, the District Court for the Eastern District of Texas issued an order implementing a nationwide preliminary injunction of the Corporate Transparency Act and its enforcement. The court also stayed the...more

Miller Nash LLP

Corporate Transparency Act Update: Nationwide Injunction—FinCEN Responds

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The U.S. Treasury Department, Financial Crimes Enforcement Network (FinCEN) has responded to the nationwide injunction issued last week by a Texas federal district court enjoining the enforcement of the Corporate Transparency...more

Morgan Lewis

US District Court Halts Reporting Requirements of the Corporate Transparency Act

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The US District Court for the Eastern District of Texas issued a nationwide preliminary injunction halting the reporting requirements of the Corporate Transparency Act....more

Greenbaum, Rowe, Smith & Davis LLP

Update on Corporate Transparency Act: FinCEN Responds to CTA Nationwide Injunction; Provides Insight

On December 5, 2024, the U.S. Department of Justice, on behalf of the U.S. Department of Treasury, appealed this decision to the U.S. Court of Appeals for the Fifth Circuit. This is the first step to potentially overturn the...more

Husch Blackwell LLP

Nationwide Injunction Halts Enforcement of the Corporate Transparency Act - UPDATED

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As of the posting of this article, reporting companies nationwide do not need to comply with the Corporate Transparency Act’s (CTA) January 1, 2025, beneficial owner information (BOI) reporting deadline. Yet, given the appeal...more

Hahn Loeser & Parks LLP

Answering the Latest CTA Questions Following Recent Court Injunction

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The Corporate Transparency Act (CTA), which took effect January 1, 2024, imposes an obligation on most privately owned businesses to provide to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) certain...more

Dunlap Bennett & Ludwig PLLC

Nationwide Halt On Corporate Transparency Act Reporting Requirements: What Businesses Need To Know

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction blocking enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information...more

Morrison & Foerster LLP

Government Appeals Nationwide Injunction of the Corporate Transparency Act

As detailed in our client alert regarding the issuance of a preliminary injunction by the Eastern District Court of Texas against the Corporate Transparency Act (CTA), enforcement of the CTA and its reporting rules on...more

Fox Rothschild LLP

Nationwide Injunction Halts Enforcement of the Corporate Transparency Act

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A federal judge in Texas has issued a preliminary injunction that blocks enforcement of the Corporate Transparency Act (CTA) just a few weeks before a year-end deadline that would require millions of businesses and corporate...more

Ropes & Gray LLP

Federal Court Pauses Enforcement of the Corporate Transparency Act

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On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against enforcement of the Corporate Transparency Act (“CTA”), including a stay of the CTA’s Beneficial...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – December 2024

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Corporate Transparency Act, Part 4: Reporting Requirements Temporarily Suspended - As you may have been following, PilieroMazza previously reported on the requirements of the Corporate Transparency Act (CTA) and the...more

Kaufman & Canoles

The Corporate Transparency Act Injunction

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On Tuesday, December 3, 2024, a judge in the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction precluding FinCEN from enforcing the Corporate Transparency Act (“CTA”) and its...more

Procopio, Cory, Hargreaves & Savitch LLP

CTA UPDATE: Federal Court Blocks Reporting Requirements Under the Corporate Transparency Act

A federal judge in Texas has issued a nationwide injunction temporarily halting the implementation of the Corporate Transparency Act (“CTA”), preventing U.S. businesses from being required to disclose their beneficial...more

Cooley LLP

Federal District Court Enjoins Enforcement of Corporate Transparency Act Beneficial Ownership Information Reporting Requirements...

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On Tuesday, December 3, 2024, the US District Court for the Eastern District of Texas issued an order in favor of the plaintiffs in Texas Cop Shop, Inc. et al. v. Garland et al., granting the plaintiffs’ motion for...more

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