With the January 1, 2025, BOI reporting deadline due date for reporting companies in existence prior to January 1, 2024, quickly approaching everything Corporate Transparency Act (CTA) related has come to a screeching halt. On December 3, a Texas federal district court issued a preliminary injunction prohibiting the federal government from enforcing the CTA nationwide on the grounds that the CTA is unconstitutional, and that Congress is overstepping their authority.   This injunction sta

As mentioned in last months’ edition of the Tax Focus, The Corporate Transparency Act (CTA) goes into effect January 1, 2024. The CTA mandates the filing of ownership information for corporations, limited liability companies and other entities that are registered to do business in the United States.