BY PAUL O’DONOGHUE, Senior Correspondent
LEGAL wrangling over the Corporate Transparency Act (CTA) has further delayed the requirement for small businesses to report beneficial ownership information (BOI) to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
Initially set for January 13, 2025, the compliance deadline remains on hold following a December 27 ruling by the Fifth Circuit Court of Appeals.
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