On December 26, 2024, the preliminary nationwide injunction that prevents enforcement of the Corporate Transparency Act (“CTA”) was reinstated by the Fifth Circuit Court of Appeals. This means that updated filing deadlines announced by the Department of Treasury on December 23, 2024 no longer apply.
FinCEN, the agency tasked with enforcement of the CTA, has stated that any CTA filings are accepted on a voluntary basis only (you can read the FinCEN update here).
With enforcement of the CTA suspended once again, reporting companies that have not yet filed their BOI reports may wonder whether and how to proceed. You may read our prior alert on this topic here.
If you have questions about your particular situation, please reach out to your Tuthill & Hughes attorney to schedule a call. This alert is for information purposes only and does not constitute legal advice.