The Jacki Daily Show

Blaze Podcast Network

Educating, entertaining and engaging America on all things energy! Listen live to "The Jacki Daily Show" Sundays 7 a.m. - 9 a.m. ET on TheBlaze Radio Network

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The Jacki Daily Show

Dec 31, 2024
5½ minutes
0

The Corporate Transparency Act is the new law that requires certain “reporting companies” (corporations or LLCs of fewer than 20 employees and $5 million or less in revenue) to report beneficial ownership information to FinCEN, the Financial Crimes Enforcement Network, or else face daily fines and up to two years imprisonment! A federal court in Texas issued a nationwide preliminary injunction in early December 2024, preventing the federal government from enforcing the law for the time being. An appeals court then changed course later in December – only to vacate its own decision days later, again pausing the reporting requirements. The result is that repo...

The Jacki Daily Show

UPDATE: Corporate Transparency Act (“CTA”) Reporting Is Paused Again

Blaze Podcast Network

00:00 -04:37