UPDATED – On December 3, 2024, a federal court in Texas ruled that the CTA is likely unconstitutional and prohibited its enforcement. This set off a review, injunction and follow-up hearing date in March 2025. Until the courts sort it out, companies are no longer required to report by the original deadlines.
We are watching the topic and will keep you apprised of next steps.

 

 

In this episode Associate Director of Tax Services Joel Young, JD, LLM, explains the requirements and timeline for Corporate Transparency Act reporting.

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