Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies

By ftsig-admin | March 4, 2025

SOURCE: https://home.treasury.gov/news/press-releases/sb0038 The scope of the Corporate Transparency Act (CTA) has been vastly curtailed by the United States Treasury. This law required “domestic” and “foreign reporting companies” to file Beneficial Ownership Information Reports. Over the past year, tremendous misinterpretation of the CTA has occurred—leading a majority of business owners to wrongly presume their business entity was…

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