The Financial Crimes Enforcement Network on Monday announced it would not enforce the Corporate Transparency Act against the plaintiffs in a federal court matter pursuant to an injunction issued by the Northern District of Alabama. The federal district court ruled that the CTA was unconstitutional and enjoined FinCEN from collecting BOI from the plaintiffs, including members of the National Small Business Association, which had challenged the law. FinCEN said those individuals and entities, which include NSBA members as of March 1, do not need to report BOI to FinCEN at the present time.
Washington state attorney general advises caution when donating to help wildfire victims
The Washington Attorney General’s Office issued guidelines for donating to reputable charities, as scammers will likely try to take advantage of individuals seeking to help families and businesses affected by the wildfires currently burning in parts of the...
