A gift from the courts: Corporate Transparency Act on hold for now

Last month, my column warned that businesses were running out of time to file Beneficial Ownership Information (“BOI”) reports with the Financial Crimes Enforcement Network — a unit of the Department of the Treasury known as FinCEN.

This month, my column is supposed to be about gifting.

So, let me tell you about a recent gift from the federal courts. Your business does not have to file the BOI with FinCEN. Not yet, anyway. Thanks to a recent federal court ruling, you can ignore my last column.