✅ Yes, CTA is Suspended for U.S. Companies
The Treasury Department announced on March 2, 2025 that it has suspended enforcement of the Corporate Transparency Act for U.S. companies and U.S. citizens. This represents a significant change from the previous on-hold status to a more permanent rule change.
What This Means for Your Business
- No Fines or Penalties: Treasury will not issue fines for non-compliance
- No Enforcement Actions: No legal action for missing deadlines
- Safe to Pause: You can safely stop CTA compliance efforts
- Future Changes: New rules focus only on foreign entities
Timeline of CTA Suspension
FinCEN Issues New Rule
Interim final rule removes requirement for U.S. companies to report beneficial ownership information.
Treasury Announces Suspension
Treasury Department suspends enforcement for U.S. companies and citizens.
Enforcement Pause
FinCEN announces no fines or penalties while new rules are developed.
Who Is Still Required to File?
Foreign Entities Only: Companies formed under foreign law that do business in the United States must still comply with CTA reporting requirements under the new rules. Note that most nonprofit organizations remain exempt from CTA requirements regardless of the suspension.
Official Sources
Information sourced from:
- U.S. Department of Treasury Press Release SB0038
- FinCEN Interim Final Rule (March 21, 2025)
- Federal Register CTA Updates