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abctax55
Level 15
December 4, 2024
Solved

CTA/BOI Reporting (on hold)

  • December 4, 2024
  • 3 replies
  • 18 views

Per Spidell Flash Alert,  filing has been suspended   is on hold due to a case out of Texas.

(edited as evidently 'suspended' is the wrong word to have used)

 

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)

 

    This topic has been closed for replies.
    Best answer by abctax55

    @abctax55 wrote:

    OK... and the 'fast' part???


    Slow down and check whether the same information has already been posted in an existing thread.  


    My bad, then.  This forum is wonky (for me anyway) regarding access to page two.  I promise to do better in the future.

    3 replies

    BobKamman
    Level 15
    December 4, 2024

    As reported earlier in the existing thread.

    https://accountants.intuit.com/community/proseries-tax-discussions/discussion/cta-boi-survey-for-all/00/306037 

    But that one is on its second page, so maybe a new one was needed.

    Filing has not been suspended.  Enforcement has been suspended, but nothing could be done until next year anyway.   Get it right, don't just try to get it fast.   

    abctax55
    abctax55Author
    Level 15
    December 4, 2024

    Get it right, don't just try to get it fast.   

    Meaning ????

    HumanKind... Be Both
    BobKamman
    Level 15
    December 4, 2024

    @abctax55 wrote:

    Get it right, don't just try to get it fast.   

    Meaning ????


    Meaning, don't say that filing  has been suspended when that's not correct.  

    BobKamman
    Level 15
    December 4, 2024

    In my response to the other thread, I wondered if Treasury was included as a defendant.  I have now paid PACER 20 cents to download the proposed order, and find that both Treasury and FinCen are named.  And the proposed order (apparently, not yet signed; the judge could change its wording) is:

    "the Court GRANTS the motion and ORDERS that
    Defendants shall be preliminarily enjoined from enforcing the Corporate Transparency Act, 31 U.S.C. § 5336, and its implementing regulations, 31 CFR § 1010.380, pending further proceedings. "

    (Emphasis added)

    IRonMaN
    Level 15
    December 5, 2024

    "I've always thought it was tacky to solve your own post"

    I did it once or twice ---------------- just to point out how stupid it is to be able to do that.

    Slava Ukraini!