The Fifth Circuit has vacated the stay it had granted on Dec. 23, 2024, of the injunction that suspended enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting rule
Obligations under the CTA to file BOI reports are again suspended.
The Fifth Circuit, in its brief order, indicates its action is appropriate to preserve the status quo while the court considers the parties’ substantive arguments. Download the order here.
This is Dave Horwedel, CEO of Torchlight Tax.
It is my hope that the CTA requirements will either disappear forever or at least give a reasonable time to file.
If you have any questions or need assistance in this or any other tax matter contact Torchlight Tax at 877-758-7797.
