As of December 28, 2024, the Fifth Circuit Court of Appeals has reinstated a nationwide injunction blocking the enforcement of the CTA, causing further uncertainty and confusion among businesses.
No, he’s correct & it is true. My accountants were bugging me about filling this shit out; I refused, and found some really good links talking about the injunction. I’ll try to find & post here.
My accountants told me the same and I've been dragging my feet. I'm still unsure what to do. The latest I received was this:
BOI Filing Update for All Business Owners
At 1:30pm Eastern time this afternoon, the U.S. Court of Appeals for the Fifth Circuit issued an order granting the government's emergency motion for a stay of the preliminary injunction put in place by a U.S. Federal District Court in Texas earlier this month, which had temporarily struck down the Corporate Transparency Act (CTA) and suspended all reporting requirements.
So, what does this mean?
Well, it means that the looming deadline of January 1, 2025 for all reporting companies under the CTA to file their beneficial ownership information (BOI) reports is now reinstated. Companies and beneficial owners subject to the CTA have until the end of NEXT TUESDAY to file BOI reports or face penalties.
In its opinion, the Fifth Circuit Court said that the disruption caused by this stay would be "minimal".
Well, FUCK. I’m still gonna ignore.
Let me know what you decide to do.
I’m a white, straight, Christian, gun owning American man; I’m already on literally every fucking list they have.
Is it just me or does “financial crimes enforcement network” sound like they could be on the giving end of committing financial crimes, rather than the detection and prosecuting side?
As of December 28, 2024, the Fifth Circuit Court of Appeals has reinstated a nationwide injunction blocking the enforcement of the CTA, causing further uncertainty and confusion among businesses.
Satire? Sauce?
It’s true happened. It was blocked then unblocked the blocked again by the 5th circuit. https://news.bloombergtax.com/daily-tax-report/corporate-transparency-act-blocked-by-us-appeals-court-again
No, he’s correct & it is true. My accountants were bugging me about filling this shit out; I refused, and found some really good links talking about the injunction. I’ll try to find & post here.
My accountants told me the same and I've been dragging my feet. I'm still unsure what to do. The latest I received was this:
And the email links to https://www.fincen.gov/boi
Well, FUCK. I’m still gonna ignore. Let me know what you decide to do. I’m a white, straight, Christian, gun owning American man; I’m already on literally every fucking list they have.
Is it just me or does “financial crimes enforcement network” sound like they could be on the giving end of committing financial crimes, rather than the detection and prosecuting side?