A New Era of Beneficial Reporting for Companies in the United States
The Corporate Transparency Act
APRIL 2022 - The Financial Crimes Enforcement Network (FinCEN) announced the renewal and expansion of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate.
Insights
Corporate Transparency Act: U.S. Treasury Issues Interim Final Rule and New Dea...
On March 21, 2025, FinCEN issued an Interim Rule that significantly narrows the scope of the Corporate Transparency Act. Under the new rule, domestic entities and U.S. persons are no longer required to file beneficial ownership reports, and enforcement against them has been suspended. Only certain f...
Treasury Department and FinCEN Announce Drastic Limits on Enforcement of Corpora...
Tax & Wealth Service Report Blog
On March 2, 2025, the Treasury Department announced that it will not enforce penalties for BOI reporting violations under the Corporate Transparency Act—both before and after upcoming rule changes take effect. While this reduces regulatory pressure on U.S. businesses, non-U.S. companies may st...
Corporate Transparency Act is Back in Effect – Only 30 Day Extension!
Tax & Wealth Service Report Blog
Following a federal court ruling, the Corporate Transparency Act has been reinstated and FinCEN has announced it has extended the deadline for most reporting companies to file the beneficial ownership information (BOI) report until March 21, 2025. For reporting companies that have not yet filed a BO...
Corporate Transparency Act: “Stay” Put
The U.S. Supreme Court has granted the U.S. government’s motion to stay a nationwide injunction prohibiting enforcement of the Corporate Transparency Act (“CTA”). Because a separate nationwide injunction order issued by a different U.S. federal court is still in place, the Financia...
CTA: Gone Away?
Tax & Wealth Service Report Blog
A federal court has issued a nationwide injunction temporarily suspending enforcement of the Corporate Transparency Act (CTA) reporting requirements. While this pause relieves immediate filing obligations, companies should continue preparing in case the injunction is lifted and coordinate with their...
Corporate Transparency Act
Estate Planning Council of Greater Miami
Jennifer J. Wioncek speaks on the Corporate Transparency Act panel at the Estate Planning Council of Greater Miami's 2024 Workshop and Dinner.