On December 23, 2024, the Federal Court of Appeals issued a stay to the preliminary injunction halting the implementation and filing requirements of the BOI.
As a result, the BOI Reporting Requirements are back in effect with a new extended deadline for most companies.
Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN. (These companies would otherwise have been required to report by January 1, 2025.)
Additional information can be found regarding the Beneficial Ownership Information (BOI) reporting at the U.S. Government website fincen.gov/boi or by contacting the Office of the Inspector General.
We will provide additional updates as new information becomes available.
RUDLER, PSC CPAs and Business Advisors
This e-Tip is presented by Alex Weidner, CPA, CFE.
If you would like to discuss your particular situation, contact Alex at 859-331-1717.
As part of Rudler PSC’s commitment to true proactive client partnerships, we have encouraged our professionals to specialize in their areas of interest, providing clients with specialized knowledge and strategic relationships. Be sure to receive future Rudler articles for advice from our experts, sign up today !