FinCEN Says Corporate Transparency Act (CTA) Reports Are Voluntary Following Court Decision

FinCEN Says Corporate Transparency Act (CTA) Reports Are Voluntary Following Court Decision

A judge in Texas blocked the enforcement of the Corporate Transparency Act's beneficial ownership reporting requirements nationwide, leading to an appeal by the U.S. government. FinCEN is no longer requiring filings while the case is ongoing, causing uncertainty for businesses affected by the law.

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