On March 2, 2025, the Treasury Department made a significant announcement regarding the Corporate Transparency Act (CTA). In a move that will be welcomed by many, the Treasury Department stated, “with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either.” Continue reading →