A bill that could offer a reprieve for businesses seeking certainty on beneficial ownership information (BOI) reporting ...

Starting last January, the U.S. Department of Treasury’s Financial Crimes Enforcement Network has opened a portal for ...

Discusses the willfully requirement for the filing of FINCEN Beneficial Ownership Information Reports (BOIR) under the ...

Millions of small businesses have yet to file a Beneficial Ownership Information (BOI) Report, a document that identifies who owns a business by providing personal details like names, addresses ...

However, there have been twists and turns to it in the last few weeks. Ultimately, as of January 24, 2025, the BOI report is still not required, despite a Supreme Court ruling. Originally ...

If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in ...

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.

to make their first BOI report. However, the Jan. 13 deadline might change based on court outcomes. Entities created or registered in 2024 have 90 days from creation to get their first reports filed.

The saga of confusing Corporate Transparency Act (CTA) litigation continues, but the guidance remains the same: companies are ...

Note that if a business owner realizes a company is exempt from filing after a report, you may file an updated BOI report indicating the company is newly exempt from reporting requirements.