Main Street Still Fighting for CTA Delay
Today more than 100 trade associations joined with S-Corp in asking lawmakers to pass a Continuing Resolution bill that includes language delaying the Corporate Transparency Act’s reporting deadline. The effort was mounted following reports that ...
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CTA Delay in Funding Bill
Big news for S corporations and other businesses covered by the Corporate Transparency Act – draft text of the negotiated legislation, which was released earlier today, includes a one-year delay of the Corporate Transparency Act’s ...
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CTA Update | December 16, 2024
Notable Developments WSJ Highlights Legislative Effort Carol Roth on the Need for Certainty Is FinCEN Complying with the Injunction? * * * Legislative Update Draft text of a Continuing Resolution – which Congress has to ...
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CTA Update | December 12, 2024
Notable Developments Government digs in Vivek blasts CTA Congress working on delay CNBC highlights CTA “awareness” gap * * * Legal Update Just two days after the U.S. District Court for the Eastern District of ...
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Latest on CTA Injunction and a Legislated Delay
The national injunction on CTA filing imposed by the Eastern District of Texas Court Tuesday provides millions of business owners with a good possibility – but just a possibility – of permanent relief from this ...
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CTA Struck Down by Texas Court!
For the Main Street business community, it looks like Christmas has come early. With less than a month to go before the Corporate Transparency Act’s year-end filing deadline, a federal court today issued a nationwide ...
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CTA Update | December 3, 2024
Notable Developments Senator Lankford pushes delay via NDAA CTA enforcement under Trump administration? Oregon plaintiffs file suit Op-eds highlight CTA’s fatal flaws * * * Legislative Update Senator James Lankford (R-OK), a cosponsor of the ...
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CTA Update | November 13, 2024
Notable Developments Lawmakers ramp up pressure on FinCEN Revisiting compliance cost estimates Trump officials slam CTA FinCEN offers limited filing relief Physicians join the legal fight * * * Legislative Update Last week more than ...
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Lawmakers Renew Push for CTA Delay
Here’s a bit of good news on the Corporate Transparency Act front. More than three dozen lawmakers have sent a letter to the Financial Crimes Enforcement Network requesting a one-year delay of the CTA’s fast-approaching ...
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CTA Update | October 23, 2024
Notable Developments Request for Signatories: Member letter to FinCEN FinCEN says tech issues are your fault Updated FAQ limits CTA exemption HOAs have their day in court TD Bank case shows the current system works ...
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CTA Pressure Ramps Up
As a followup to yesterday’s CTA Watch newsletter we wanted to highlight two notable items, starting with a great thread by our friend Liam Donovan from the Associated Builders and Contractors. Liam breaks down the ...
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CTA Update | October 2, 2024
Notable Developments Weak compliance numbers heighten concern Appeals court hears oral arguments Full court press in Ohio CTA is not a tax enforcement exercise * * * Regulatory Update New filing data from FinCEN is ...
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CTA Update | September 16, 2024
Notable Developments Main Street backs latest delay effort CTA gets high profile callout FinCEN issues updated guidance All-cash homebuyers get BOI treatment Legislative Update Following Congressman Zach Nunn’s (R-IA) introduction of the Protect Small Businesses ...
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Main Street Backs Bipartisan CTA Delay Bill
Today the S Corporation Association joined with 150 of its trade association allies to support legislation to delay the Corporate Transparency Act’s year-end reporting deadline. The bill, H.R. 9278, was introduced by Iowa Congressman Zach ...
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CTA Update | July 30, 2024
Notable Developments S-Corp leads push for CTA delay amendment in NDAA Approps bill with delay language gets veto threat FinCEN notice makes clear CTA is unnecessary Utah business groups file suit Bloomberg misses the point ...
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CTA Delay Gets Renewed Focus in Senate
The Main Street business community came out in force today calling on Congress to adopt a one-year delay of the Corporate Transparency Act as part of this year’s National Defense Authorization Act. The effort, led ...
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CTA Update | July 16, 2024
Notable Developments Appeals court sets hearing date Yellen grilled by House lawmakers New FinCEN guidance expands CTA’s reach Legal Update The Eleventh Circuit Court of Appeals announced a hearing in NSBA v Yellen, the case ...
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Breaking Down the False CTA Narrative
Tax Notes published a good summary of the state of play regarding the Corporate Transparency Act in last week’s edition, including highlighting the multiple lawsuits filed against the law and the several bills introduced to ...
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