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Journal of Accountancy · Recently
Corporate Transparency Act, source of BOI reporting mandate, held constitutional
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Corporate Transparency Act, source of BOI reporting mandate, held constitutional. Worth reviewing for potential client impact.
Summary
Despite the Eleventh Circuit holding that the Corporate Transparency Act is constitutional, an interim rule from Treasury means that domestic companies are not subject to beneficial ownership information reporting requirements.
Classification
Category: fyiPriority: importantReason: Contains 'treasury' - significant update
Affected Groups
All tax practitioners
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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