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Tag Archives: CTA

UPDATED – Corporate Transparency Act Reporting Deadline Looms for Law Firms and Their Corporate Clients by Dan Hughes, CPA/CFF, CGMA, CVA


Posted on November 05, 2024 by Daniel Hughes

UPDATE – On December 3, 2024, a federal court in Texas ruled that the CTA is likely unconstitutional and prohibited its enforcement. As of this ruling, companies are no longer required to report by the end of the year.    This may change based on the government’s next steps. We will keep you apprised.    […]

How Can Taxpayers Prepare for New Corporate Transparency Act Reporting? by Joel G. Young, JD, LLM


Posted on January 04, 2023 by Joel Young

In late 2022, the U.S. Treasury issued final requirements that certain corporations, LLCs, partnerships, business trusts and similar entities will need to begin reporting under the Corporate Transparency Act (CTA). While the CTA aims to bolster the country’s anti-money laundering policies and unmask the identities of the true owners behind shell companies and other opaque […]