The Financial Crimes Enforcement Network (FinCEN) has announced a significant update regarding the beneficial ownership information (BOI) reporting deadline. Initially set for March 21, the deadline has been extended, and enforcement actions have been suspended. Although a new reporting deadline has not been announced, FinCEN has committed to providing this information by March 21. The… Continue Reading
Tax
FinCEN Extends BOI Reporting Deadline (Again)
Details on OAL’s Denial of CARB Amendments to the LCFS
The Office of Administrative Law (OAL) has released its rationale for last week’s decision to disapprove the proposed amendments to California’s Low Carbon Fuel Standard (LCFS). You can review the full rationale in OAL’s official document here. The California Air Resources Board (CARB) must address several issues identified by OAL, including: CARB is required to… Continue Reading
Celebrating a Legacy of Excellence
After 37 years of dedicated service and leadership as the Founding Partner of Christianson CPAs and Consultants, John Christianson is beginning an exciting new chapter. His retirement from Christianson PLLP allows him to focus on his software company Beyond and Christianson Benchmarking, LLC. John earned his Bachelor of Science – Accounting from the University of Minnesota Carlson… Continue Reading
Recent Court Decision Restores Temporarily Lifted Injunction on BOI Reporting
On December 3, 2024, a federal district court in Texas issued a preliminary injunction that temporarily blocked enforcement of the Corporate Transparency Act (CTA). This ruling delayed the requirement for companies to submit Beneficial Ownership Information (BOI) to the Treasury Department. However, on December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit… Continue Reading
BOI Reporting Halted: What Business Owners Need to Know
On December 3, 2024, a federal district court in Texas issued a preliminary injunction halting enforcement of the Corporate Transparency Act (CTA), effectively delaying the requirement for companies to submit Beneficial Ownership Information (BOI) to the Treasury Department. The case, Texas Top Cop Shop, Inc. v. Garland, resulted in a nationwide injunction that suspends enforcement… Continue Reading
