Federal Tax

BOI Reporting Paused Once Again

January 2, 2025

Article | by Denise Reyes

The U.S. Court of Appeals for the Fifth Circuit reinstated the nationwide preliminary injunction on the enforcement of the Corporate Transparency Act (“CTA”) on December 26, 2024. The BOI reporting requirements are now on indefinite hold while the court considers the lawsuit challenging the CTA’s constitutionality 

There is uncertainty about when, and if, the BOI reporting requirements will be reinstated. We will keep you updated on any developments. 

Geffen Mesher’s team is available to assist you with questions related to these updated rules. To learn more, please reach out to Denise Reyes at dreyes@gmco.com.