Community Association Management Blog Treasury Halts Corporate Transparency Act Enforcement for U.S. Businesses

On Friday we posted FinCEN Pauses Corporate Transparency Act Reporting Penalties Pending New Rule. By Sunday, the death spiral that appears to be the CTA continued, as the US Treasury Department announced suspension of enforcement of penalties and fines under the Act's beneficial ownership reporting requirements for U.S. citizens and domestic reporting companies. This decision applies both to existing deadlines Continue Reading