[WSBARP] Corporate Transparency Act - Unconstitutional

[Samuel Meyler]

The holding in the Alabama case affects only the plaintiffs in that matter.  Unless your clients are Reporting Companies for which Isaac Winkles is the Beneficial Owner or Company Applicant, the National Small Business Association or members of the National Small Business Association, the CTA remains in effect and FinCEN is enforcing it.  Defendants have appealed…  https://www.fincen.gov/news/news-releases/updated-notice-regarding-national-small-business-united-v-yellen-no-522-cv-01448

Sam

Samuel M. Meyler
Attorney at Law

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Jack Grant
Sent: Wednesday, April 24, 2024 9:32 AM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Corporate Transparency Act - Unconstitutional

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Good morning.  Rob Rowley previously sent a link (below) to a case comment in Forbes that the Corporate Transparency Act was ruled unconstitutional by an Alabama Federal District court.

Looking for your thoughts on how to proceed with this ambiguous status of the new law/requirement.

Are you advising your clients to not file these beneficial ownership reports until this is all sorted out through the courts?

The penalties for not filing this form are very steep ($10,000??) and also the filing of the 1120 return with IRS requires that the taxpayer verify that they’ll file the related BOI information with the IRS.

Thank you.

Jack

The Cross Border Law Firm
Jack H. Grant, P.S. – Attorney at Law
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Bellingham, WA
98225

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From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>> On Behalf Of Rowley, Rob
Sent: Thursday, March 7, 2024 12:19 PM
To: WSBA RPPT <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: [WSBARP] Corporate Transparency Act - Unconstitutional


https://www.forbes.com/sites/matthewerskine/2024/03/04/corporate-transparency-act-ruled-unconstitutional-by-federal-district-court/?sh=6ff899981d47

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Robert R. Rowley

Attorney & Counselor At Law

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f: 509.519.1406

a: 7 S Howard St, Ste 218, Spokane, WA 99201

w: rowleylegal.com<http://rowleylegal.com/>  e: rob at rowleylegal.com<mailto:rob at rowleylegal.com>

Google Review: https://g.page/r/CTxNMUIBtg1SEAg/review

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