01/28/2025
All over the business world, accountants, lawyers, financial executives and journalists have been scrambling to keep up with the latest soap opera in the financial community: what's happening with the Corporate Transparency Act and its ownership reporting rules.
On Dec. 3, a federal court issued an injunction preventing FinCEN from enforcing the CTA's reporting rules. On Dec. 23, an appellate court overrode the district court, reviving the CTA. But as of Dec. 26, the CTA is again suspended. Click through to find out where we are.