Corporate Transparency Act Archives - Petrovits, Patrick, Smith & Company, LLC

3 Mar 2025

Another Important update for FINCEN Beneficial

by Michelle | posted in: FinCEN | 0

On Sunday, March 2, 2025, FinCEN continued its rollercoaster guidance by announcing that it will not enforce any penalties or fines associated with the beneficial ownership information (BOI) reporting rules under existing regulations. Additionally, FinCEN will not enforce any penalties … Continued

5 Dec 2024

Important update for FINCEN Beneficial

by Michelle | posted in: FinCEN, News | 0

A brief update on the Corporate Transparency Act (CTA). As of December 4, 2024, there’s still some uncertainty about whether the Government will appeal a recent decision made by a Texas U.S. District Court. On December 3, the court issued … Continued