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

    12/09/2024 5:28:09 AM PST · by george76 · 11 replies
    Forbes ^ | Dec 06, 2024 | Kelly Phillips Erb
    The U.S. government has appealed the nationwide preliminary injunction—and FinCEN has backed off of its position that filings should continue. FinCEN now says that "reporting companies may continue to voluntarily submit beneficial ownership information reports." Earlier this week, a judge in the U.S. District Court for the Eastern District of Texas threw the fate of the Corporate Transparency Act (CTA) into question, blocking the U.S. Department of Treasury from enforcing the beneficial ownership information (BOI) reporting requirements across the country. Now, the U.S. government has appealed the nationwide preliminary injunction—and FinCEN has backed off of its position that filings should...