National Tax Advisory Newsletter – June 2023

National Tax Advisory Group | Prager Metis | Jun 28, 2023

Prager Metis’ National Tax Advisory Group is a leading resource for clients looking to stay current with tax-related developments.  Our team of professionals is uniquely positioned to help you understand and prepare for the impact of federal, state, and local tax changes that can affect your personal and professional world. Click here to read our National Tax Advisory Services Newsletter outlining recent tax changes and updates.

2023-06-28T11:14:50-04:00
Tax Alert
Mar 03, 2025
Jonathan Gold
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FinCEN Suspends Enforcement of BOI Reporting Requirements and Plans to Limit CTA Scope to Foreign Entities

On February 27, 2025, FinCEN released a statement that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act (CTA) by the current deadlines. On February 17, 2025, FinCEN issued an alert that the new deadline for most companies would be March 21, 2025. Now, FinCEN intends to issue an interim final rule that extends BOI reporting deadlines no later than March 21, 2025.

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