Reporting companies covered by the Corporate Transparency Act's (CTA's) beneficial ownership information (BOI) reporting requirement do not have to file the reports while an injunction remains in ...

The Filing System for BOI Reports The U.S. Treasury Department uses FinCEN, a secure filing system, for BOI reports. FinCEN stores BOI reports in a centralized database and only shares BOI ...

The marketing campaigns say it all: If you don't make your Beneficial Ownership Information (BOI) report to FINCEN and also get it absolutely correct, then you are going to get fined hundreds of ...

FinCEN recognized this anomaly in an alert posted to the FinCEN BOI website on Jan. 24, 2025, stating, “As a separate nationwide order issued by a different federal judge in Texas (Smith v.

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We left off with the controversy swirling around FINCEN's Beneficial Ownership Information (BOI) reporting requirements in my article, Unusual Fifth Circuit Self-Reversal Sows Confusion For BOI ...

The attorneys representing FinCEN said the government is likely to succeed in defending the constitutionality of the law and that the district court’s injunction was “vastly overbroad ...

If the Supreme Court decides that it is not appropriate for a district court to set a nationwide standard, then FinCEN will have to set alternate filing dates. There are a lot of moving parts. We're ...

“At this point, BOI reporting is voluntary,” Scopelitis’s attorneys said. The Texas district court case that forced FinCEN to pause CTA enforcement will continue to move through the legal ...