by Eileen Monsesson | Mar 3, 2025 | News
On March 2, 2025, the U.S. Treasury Department announced that it would not impose penalties for failing to comply with the reporting requirement for the beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). Along with suspending fines tied...
by Eileen Monsesson | Feb 12, 2025 | Tax Tips
The Financial Crimes Enforcement Network (FinCEN) may revise its beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA), depending on the resolution of an ongoing legal case. On February 5, 2025, the government...
by Eileen Monsesson | Jan 13, 2025 | Tax Tips
Responding to Justice Samuel Alito’s request for their position by January 10, 2025, the plaintiffs urged the Supreme Court to reject the DOJ’s request to lift the nationwide injunction halting enforcement of the Corporate Transparency Act (CTA). They argued that...
by Eileen Monsesson | Nov 19, 2024 | Tax Planning
As 2024 comes to a close, taxpayers need to brace for significant changes that could profoundly impact their tax obligations. The Tax Cuts and Jobs Act (TCJA), enacted in 2017, introduced sweeping tax breaks and lower rates, but its impending expiration may result in...
