CTA Update | December 12, 2024

December 12, 2024|0 Comments

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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CTA Struck Down by Texas Court!

December 3, 2024|0 Comments

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

December 3, 2024|0 Comments

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

November 13, 2024|0 Comments

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

November 11, 2024|0 Comments

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

October 23, 2024|0 Comments

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

October 3, 2024|0 Comments

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

October 2, 2024|0 Comments

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

September 16, 2024|0 Comments

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

September 3, 2024|0 Comments

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

July 30, 2024|0 Comments

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 Update | July 16, 2024

July 16, 2024|0 Comments

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

June 17, 2024|0 Comments

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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House Small Business on CTA

April 30, 2024|0 Comments

With the Corporate Transparency Act in effect for several months now, the House Small Business Committee convened to discuss how the rollout of the new law is going. The short answer – not so good. ...

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Main Street Backs CTA Repeal

April 29, 2024|0 Comments

Today over 100 trade associations, representing millions of small businesses nationwide, strongly supported legislation introduced by Representative Warren Davidson (R-OH) to repeal the Corporate Transparency Act (CTA). Appropriately named the “Repealing Big Brother Overreach Act”, ...

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