Nationwide Injunction Lifted and Filing Deadlines Reinstated

NOTICE: Nationwide Injunction Lifted and Filing Deadlines Reinstated

December 24, 2024

The Corporate Transparency Act (CTA) which took effect on January 1, 2024 required "reporting companies" in the United States to disclose information about their beneficial owners to the Treasury Department's Financial Crimes Enforcement Network (FinCEN). In May 2024, a lawsuit was filed claiming that Congress exceeded its authority under the Constitution in passing the CTA.

Previously reported, on December 3rd in the Texas Top Cop Shop, Inc., et al. v. Merrick Garland, Attorney General of the United States, et al., Judge Amos Mazzant of the United States District Court (Eastern District of Texas/Sherman Division) issued a preliminary nationwide injunction barring the enforcement of the Corporate Transparency Act (CTA).

As of December 23rd, the Nationwide Injunction is lifted and filing deadlines are reinstated. Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) may again enforce the CTA. FinCEN has not extended any filing deadlines. Therefore, all reporting companies should file immediately any beneficial ownership information reports (BOIRs) that were already due, and reporting companies formed prior to 2024 should file their BOIRs by January 13, 2025 (extended from January 1, 2025).

Resources for consideration: Corporate Transparency Act: Nationwide Injunction Lifted and Filing Deadlines Reinstated

< Older Post

Newer Post >

This material is generic in nature. Before relying on the material in any important matter, users should note date of publication and carefully evaluate its accuracy, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.

Manufacturers: Could You Use a Break?

By Meyers Brothers Kalicka • March 2, 2026

For manufacturers planning to build new facilities or expand their existing plants, last year’s One Big Beautiful Bill Act introduced a powerful new tax incentive.

New FAR Thresholds

By Meyers Brothers Kalicka • February 27, 2026

There are five updates to the Federal Acquisition Regulation's (FAR) thresholds: micro-purchases, small purchases, sealed bid, proposal and noncompetitive that nonprofits should be aware of.

Tax Planning for Investors: Know Your Basis and Holding Period

By Katrina Arona • February 27, 2026

When investors sell stocks or mutual fund shares, calculating the gain or loss for tax purposes is simply the difference between the sale price and the cost basis. In practice, however, it can get complicated. That’s because many people buy multiple shares of the same investments over time at different prices.