Off again. It's been dodged, or some may say "DOGEd". ??
This is widely considered a common sense result with a collective sigh of relief from the overwhelmingly legit, law-abiding small business owner population.
On March 2, 2025, the US Department of Treasury issued a press release with the following statement:
The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only. Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses and ensuring that the rule is appropriately tailored to advance the public interest.
Enjoy your day!
-Denise Williams of
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