On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) released its anticipated interim final rule for the Corporate Transparency Act (CTA). The new rule has implemented the following changes: Accordingly, U.S. entities are not required to file BOI reports (regardless of whether Continue Reading
Chambliss Estate Planning Newsletter – March 2025
Estate Planning for Blended Families: Key Considerations to Protect Your Loved Ones By: David Roberts We all remember "The Brady Bunch" — the picture-perfect story of two families seamlessly coming together under one roof, complete with a catchy theme, and every conflict resolved neatly in 22 Continue Reading
Treasury Department Will Not Enforce Corporate Transparency Act Against U.S. Businesses
After months of uncertainty, legal challenges, and changing deadlines under the Corporate Transparency Act (CTA), the Treasury Department issued a press release on March 2, 2025, stating that it would not enforce any penalties or fines under the existing beneficial ownership information (BOI) Continue Reading
The Corporate Transparency Act is Back With a New Deadline of March 21, 2025
On February 18, 2025, the U.S. District Court for the Eastern District of Texas stayed its nationwide preliminary injunction on beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA). With the stay, the Eastern District of Texas aligns itself with the Supreme Continue Reading
New Executive Order Targets DEI, Reduces Affirmative Action Requirements
On Tuesday, January 21, President Donald Trump issued an Executive Order titled "Ending Illegal Discrimination and Restoring Merit-Based Opportunity." The new Executive Order condemns corporate and governmental policies on "diversity, equity, and inclusion" (DEI) and "diversity, equity, Continue Reading
Federal Financial Assistance Payments to Continue for Now
A memo issued yesterday by the acting director of the Office of Management and Budget directed federal agencies to pause financial assistance payments or reimbursements, effective at 5 p.m. today. However, this afternoon, a federal district court judge temporarily blocked enforcement of the memo Continue Reading
Chambliss Estate Planning Newsletter – January 2025
Who Gets the Iron Skillet? A Solution for Avoiding Family Conflict By: Stephany Pedigo The Chambliss estate planning team often helps families navigate the complexities of administering a loved one's estate. Challenges can arise in addressing the personal property in the estate. Wills commonly Continue Reading
Corporate Transparency Act Blocked Again by the Fifth Circuit
On December 26, 2024, three days after a Fifth Circuit panel lifted the nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA), a different panel of the same court vacated the stay order and reinstated the injunction. The court's decision to vacate its order Continue Reading
Corporate Transparency Act Enforcement Resumes with New Deadlines
On December 23, 2024, the Fifth Circuit lifted a nationwide preliminary injunction that had temporarily halted enforcement of the Corporate Transparency Act (CTA). The Fifth Circuit determined that the government made a strong showing in its defense of the CTA's constitutionality and that a Continue Reading
Federal Court Blocks Enforcement of Corporate Transparency Act
With the January 1, 2025, filing deadline less than a month away, a Texas federal court issued a nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA) on December 3, 2024. The court held that the CTA and its reporting requirements are likely Continue Reading