Court suspends BOI reporting requirements

By CalCPA Staff, Dec. 4, 2024 SOURCE: https://www.calcpa.org/whats-happening/articles/court-suspends-boi-reporting-requirements A U.S. District Court has suspended the implementation of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements. The CTA and its implementing regulations, which require U.S. business entities to report stakeholder information to the Treasury Department, required that an estimated 32.6 million existing business…

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