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Insights Business & Tax Blog

Exemption for Domestic Entities from Corporate Transparency Act Reporting Requirements

April 7, 2025 Business & Tax Blog

On March 26, 2025, the U.S. Treasury Department issued an important update regarding the Corporate Transparency Act (CTA). Effective immediately, all entities created in the United States, including those previously classified as “domestic reporting companies,” are no longer required to report beneficial ownership information (BOI) to the Financial Crimes Enforcement…