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BOI Information
02
Mar
By: Ryan Jenkins Tax Year 2025

BOI Reporting is Back On

The Financial Crimes Enforcement Network (FinCEN) has officially reinstated Beneficial Ownership Information (BOI) reporting requirements, with a new filing deadline set for March 21, 2025. This follows a ruling by the U.S. District Court for the Eastern District of Texas in Smith et al. v. U.S. Department of the Treasury et al. (6:24-cv-00336), which lifted the injunction that previously delayed enforcement.

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27
Jan
By: Ryan Jenkins Tax Year 2025, Uncategorized

BOI Reporting: The Saga Continue

As you may recall, we previously mentioned the new requirement for most businesses to file Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN). Well, this “requirement” has been on quite the rollercoaster ride—delayed, reinstated, delayed again, and finally pulling a rabbit out of the hat, has been reinstated once again by the Supreme Court . Honestly, at this point, we have no idea if or when this issue will actually be finalized or resolved.

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