Once again, Beneficial Ownership Information (BOI) reporting obligations under the Corporate Transparency Act (CTA) have been revived. On February 17, a federal judge lifted the stay he had ordered on January 7 in Smith v. U.S. Department of the Treasury, 6:24-cv-00336 (E.D. Tex.), which had prevented the Government from enforcing the BOI Rule on a nationwide basis.

On February 18, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) released a notice that announced the following key updates:...

Click here for the full article by the National Law Review.

The on-going saga of this reporting requirement does not appear to be over yet.  If you've tired of this "Who's on first, What's on second, and we have no clue what is taking place on third, musical chairs with this, and filed as initially thought we would all have to do anyway...who could blame you.

But for those of you who may be waiting to see if you will be forced to comply with this, we will do our level best to keep you all apprised of this ever evolving situation.

 

Apartment Association of Northeast Wisconsin