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Great News for American Business Owners!

The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only. Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses and ensuring that the rule is appropriately tailored to advance the public interest.

“This is a victory for common sense,” said U.S. Secretary of the Treasury Scott Bessent. “Today’s action is part of President Trump’s bold agenda to unleash American prosperity by reining in burdensome regulations, in particular for small businesses that are the backbone of the American economy.”

Archive(archive.today)

Great News for American Business Owners! >The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. **The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only.** Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses and ensuring that the rule is appropriately tailored to advance the public interest. >“This is a victory for common sense,” said U.S. Secretary of the Treasury Scott Bessent. “Today’s action is part of President Trump’s bold agenda to unleash American prosperity by reining in burdensome regulations, in particular for small businesses that are the backbone of the American economy.” [Archive](https://archive.today/75tST)
[–] • 0 pt last month

Great News for American Business Owners!

How? Do you even know what the beneficial ownership information reporting rule was? You really need to stop buying into all the jewish propaganda. This was NOT a regulation that hindered American businesses in any way shape or form.

Certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States "must report information about their beneficial owners—the persons who ultimately own or control the company"

The government doesn't want you to see the jews and other foreign entities that actually own and control American Companies. I as an owner of an LLC would have no problem reporting myself as beneficial owner. Nor would it hinder my ability to operate my LLC.

So tell us again how this is great news for American Business owners.

[–] • 0 pt last month (edited last month)

How? Do you even know what the beneficial ownership information reporting rule was? You really need to stop buying into all the jewish propaganda. This was NOT a regulation that hindered American businesses in any way shape or form.

I own 4 corporations and had to deal with this law a couple of months ago. I DO KNOW.

The financial penalty was for NOT reporting by their deadline (along with a copy of your drivers license and EINs) ... and they had to be provided through the legal agent who generates your annual report for the govt.

Edit: I didn't answer your last question-

So tell us again how this is great news for American Business owners.

For those of us who try to limit govt intrusion into our personal data, we no longer have to respond (with our time, money and personal info) to this jew bullshit. Meanwhile the real criminals are stealing billions.

[–] • 0 pt last month

The financial penalty was for NOT reporting by their deadline (along with a copy of your drivers license and EINs) ... and they had to be provided through the legal agent who generates your annual report for the govt.

What does that have to do with anything? Report on time and there is no fine. You have argument as to how this hindered american business at all. The IRS already has your drivers license and EIN so it's not like your are giving your info to an unknown entity. All revoking this rule does is hide the jews that own and control major corporations from the shadows. Prove me wrong.

[–] • 0 pt last month

What does that have to do with anything? Report on time and there is no fine. You have argument as to how this hindered american business at all. The IRS already has your drivers license and EIN so it's not like your are giving your info to an unknown entity. All revoking this rule does is hide the jews that own and control major corporations from the shadows. Prove me wrong.

The IRS already has your drivers license

Then why do they request it in this new demand with mere weeks notice?

Maybe you missed my edit to my last comment? IRS can GTFO of my personal details and just do what they are supposed to do, verify that I am paying the correct amount of tax on my business profit.