A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday (the injunction, which according to the court should apply nationally, was issued in Texas Top Cop Shop, Inc. vs. Garland, No. 4:24-CV-478 (E.D. Texas 12/3/24) prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) […]
The IRS re-introduces us to IRS Form 8300 required to be filed for all cash transactions in excess of $10,000 that occur in a trade or business. Federal law requires a person to report cash transactions of more than $10,000 to the IRS. Here are some facts about reporting these payments. Who’s covered For purposes […]
