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Earlier this week on Tuesday, the U.S. District Court for the Eastern District of Texas granted the U.S. Department of the Treasury’s motion to stay the nationwide preliminary injunction against the enforcement of the Corporate Transparency Act in the case of Smith, et al. v. U.S. Department of the Treasury, et al. This means that the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect. Financial Crimes Enforcement Network (FinCEN) announced that, as a result of this latest development, the new deadline to file an initial, updated, and/or corrected BOI report is now March 21, 2025. Some options reporting companies have to file their BOI reports include accessing the FinCEN website or using a third-party service provider. --Couch White Click here to read more from Reuters
Earlier this week on Tuesday, the U.S. District Court for the Eastern District of Texas granted the U.S. Department of the Treasury’s motion to stay the nationwide preliminary injunction against the enforcement of the Corporate Transparency Act in the case of Smith, et al. v. U.S. Department of the Treasury, et al.
This means that the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect.
Financial Crimes Enforcement Network (FinCEN) announced that, as a result of this latest development, the new deadline to file an initial, updated, and/or corrected BOI report is now March 21, 2025.
Some options reporting companies have to file their BOI reports include accessing the FinCEN website or using a third-party service provider. --Couch White
Click here to read more from Reuters