A federal district court judge in Texas on December 3, 2024, imposed a preliminary injunction on Congress’ efforts to fight international money laundering and terrorist financing. The judge ordered the Department of the Treasury not to enforce the Corporate Transparency Act (the ...
Employers with employees operating online accounts on the employer’s behalf will want to retrieve the login information (such as access codes and passwords) for those accounts when the employee parts ways with the company. To increase the likelihood of a seamless surrender of that ...
As we reported earlier, the federal Corporate Transparency Act (the “CTA”) now requires most small corporate entities to report ownership information to the Financial Crimes Enforcement Network of the U.S. Treasury Department. New York has adopted its own version of the legislation ...
The Supreme Court last week heard arguments in the appeal of a Circuit Court opinion resolving a million-dollar dispute with the IRS that owners of closely held businesses should heed.
The case on appeal, Thomas Connelly v. United States, 70 F. 4th 412 (8th Circuit, June 2, 2023), involves two ...
Deadlines are fast approaching for companies to file ownership information reports required by the newly applicable federal Corporate Transparency Act (“CTA”).
The CTA requires most small corporate entities to report ownership information to the Financial Crimes Enforcement ...
