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Corporate Transparency ActCNBC
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76% Informative
Small businesses had been required to report "beneficial ownership information" to the Treasury Department by Jan. 13, 2025 , or risk financial penalties.
The 5th U.S. Circuit Court of Appeals issued an order late on Dec. 26 that halted enforcement.
Businesses aren't required to file a BOI report and won't face liability while that order is in effect.
It will likely be in force until at least March , legal expert says.
VR Score
85
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89
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