Treasury Department Suspends Enforcement of Corporate Transparency Act
The Treasury Department has indicated it will suspend enforcement of the CTA concerning U.S. citizens and domestic reporting companies.
ReadJacob Downes is an associate in Hawley Troxell’s Litigation, Insurance, and Employment practice groups in Boise. Jacob received his J.D. cum laude from Notre Dame Law School in 2024 and went on to serve as a Law Clerk to the Honorable Chief Justice G. Richard Bevan of the Idaho Supreme Court.
During law school, he completed the 2023 Hawley Troxell Summer Associate Program, where he drafted motions, pleadings, & responses to charges of discrimination before the Idaho Human Rights Commission and observed client proceedings and oral arguments before the Idaho Supreme Court. Jacob also spent a semester as a legal intern for Notre Dame Law School’s Community Development Clinic, where he helped clients structure an LLC, obtain 501(c)(3) tax exempt status, and apply for property tax exemptions.
Prior to law school, Jacob attended Oklahoma State University, where he graduated magna cum laude with a B.S. in Human Development and Family Science in 2020.
Idaho
Notre Dame Law School, Faculty Award for Excellence – Legal Writing, 2021
Law School:
Notre Dame Law School, J.D. cum laude, 2024
Notre Dame Journal of Legislation
Managing Note Editor, 2023-2024
Staff Editor, 2022-2023
Undergraduate:
Oklahoma State University, B.S. Human Development & Family Science, magna cum laude, 2020
Judicial Law Clerk for the Honorable Chief Justice G. Richard Bevan, Idaho Supreme Court, 2024-2025
Legal Intern, Transportation Security Administration, Office of Chief Counsel, 2022
The Treasury Department has indicated it will suspend enforcement of the CTA concerning U.S. citizens and domestic reporting companies.
ReadThe court ordered preliminary injunction that halted enforcement of the Corporate Transparency Act (CTA) nationwide has been lifted again.
ReadEmployers may be facing additional oversight from the new administration, even for those who do not employ foreign workers.
ReadOver the last six months or so there has been a flurry of activity relative to implementing “SECURE 2.0” provisions.
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