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Oh Hey, Guess What? It's another BOI Filing Update
FINCEN just sent out a new update about the Corporate Transparency Act / BOI Reporting. This is a free reporting that most entities will need to file but there has been a TON of back and forth of if it should be allowed.
You can visit fincen.gov to subscribe to email updates as well.
Below is today's update:
"Corporate Transparency Act Reporting Requirements Back in Effect with Extended Reporting Deadline; FinCEN Announces Intention to Revise Reporting Rule
Following the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336, the Financial Crimes Enforcement Network (FinCEN) has announced that beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act are back in effect, with a new deadline of March 21, 2025 for most companies."
