BOI

[Terry53029]

FYI,

SPIDELL

Tax • Analysis • Education

Court puts BOI reporting on hold for all businesses (12-04-24)

A federal district court in Texas issued a nationwide preliminary injunction against enforcing the beneficial ownership reporting requirements mandated by the Corporate Transparency Act (CTA). (Texas Top Cop Shop v. Garland (December 3, 2024) U.S. Dist. Ct., Eastern Dist. Of Texas, Case No. 4:24-CV-478)

The court ruled that Congress exceeded its authority in enacting the CTA, resulting in an unconstitutional infringement on states’ rights to regulate businesses. The court granted a nationwide injunction prohibiting FinCEN from enforcing the January 1, 2025, reporting deadline for all reporting companies.

The opinion was issued on December 3, 2024, and will likely be appealed. However, for now, businesses do not have to file beneficial ownership information reports with FinCEN.

[IRonMaN]

That's interesting, but your post is interrupting all of the Amtrak posts this morning.  I don't know about you, but I'm really happy that Intuit is providing so much Amtrak information this morning.  Did they buy Amtrak and just haven't announced the purchase yet? 😜

[BobKamman]

The overnight spam has been removed by the monitors, so late risers may not understand your comment.  The bots really did a job with this message board.  @Terry53029 can be excused for starting the third thread on this subject, because the two from yesterday were probably still buried.  

[IRonMaN]

The morning fog has lifted.

[abctax55]

I think the wind shifted... looks like they are back.

[IRonMaN]

I kinda preferred the Mumbai dancing girls, but I guess we don't get to choose this stuff.

[Kathi42]

This is a test @IntuitKate @Just-Lisa-Now- @Skylane