Becker's Healthcare January 14, 2025
A recent series of court rulings have halted enforcement of the Corporate Transparency Act, enacted in 2021 with certain regulations affecting physician practices set to go into effect Jan. 1, according to a Jan. 13 article from the American Medical Association.
Here are 10 other things to know about the law:
1. On Dec. 3, a federal district court in Texas granted a nationwide preliminary injunction to stay enforcement of the statute and any regulations implementing these beneficial ownership information-reporting requirements. The order also stayed all deadlines to comply with the law’s reporting requirements.
2. The Justice Department then filed an appeal of the order on Dec. 5 on behalf of the Treasury Department.
3. On Dec....
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