08/13/2026
Small business filing requirement ended for good - or was it?
This week, the Treasury Department issued a rule that exempts U.S. based small businesses from the onerous requirements of the Corporate Transparency Act (CTA). This rule stops enforcement, but the CTA has not been repealed.
The National Small Business Association (NSBA) filed a Cert petition with the Supreme Court to force the Treasury to agree (by July 22nd) for the Supreme Court to decide if the CTA was constitutional, once and for all.
While the filing requirements for domestic small businesses have ended for now, the law remains. The Treasury or a new administration could decide to begin enforcement again.
As a trustee of the National Small Business Association, Gary voted to sue the federal government to overturn the CTA. He attended the lawsuit press conference at the National Press Club and participated in meetings with their attorneys.