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BOI reporting deadline extension passes US House

February 12, 2025 A bill to extend the deadline for an estimated 32 million small businesses to report their beneficial ownership information (BOI) as mandated by the Corporate Transparency Act (CTA) passed the U.S. House unanimously.

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BOI Injunction Reinstated

December 27, 2024 Late last night, the Fifth Circuit Court vacated the motion to stay the injunction which barred FinCEN from enforcing BOI reporting requirements. This decision means that FinCEN no longer has the authority to enforce BOI reporting requirements at this time.

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