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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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