There has been , yet again, another significant update regarding Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report BOI to FinCEN.
Joseph DeSantis

Joe specializes in completing complex tax returns for mid-sized businesses and high net worth individuals, completing multi-state tax returns, and advising clients on tax planning opportunities.
Recent Posts
Tax season is here, and if you’re preparing to file your 2024 return, you’ll want to be aware of recent tax law changes that could impact how much you owe or how much you get back in refunds. From adjustments in tax brackets to changes in deductions and credits, here’s a breakdown of key updates to consider when filing this year.
On December 3, 2024, a Federal Court in Texas issued a nationwide, preliminary injunction blocking the Corporate Transparency Act (Beneficial Ownership Information reporting) on the grounds that it may be unconstitutional under the Commerce Clause. This ruling comes with less than 1 month until the filing deadline.