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FinCEN Extends Beneficial Ownership Information Reporting Deadline
- alxjsn 2y agohttps://archive.is/Eq39a https://archive.is/Eq39a
- miles 2y agoThanks so much for posting this last-minute update, alxjsn. I submitted this headline just under two weeks ago: FinCEN Says CTA Reports Are Voluntary (For Now) Following Court Decision[1] and am glad to learn of the sudden shift with time to spare. Forbes reports that only around 20% of companies required to comply have done so,[2] which is unsurprising given how poorly conceived and written the law is: The Corporate Transparency Act Means Jail Time for Small Business Owners[3] [1] https://news.ycombinator.com/item?id=42378823 https://news.ycombinator.com/item?id=42378823 [2] https://www.forbes.com/sites/kellyphillipserb/2024/12/06/fincen-says-corporate-transparency-act-cta-reports-are-voluntary-following-court-decision/ https://www.forbes.com/sites/kellyphillipserb/2024/12/06/fin... [3] https://www.newsweek.com/corporate-transparency-act-means-jail-time-small-business-owners-opinion-1894964 https://www.newsweek.com/corporate-transparency-act-means-ja...