Clients-
The 25 January, 2025 court chatter is all over the news and is mostly wrong. The BOI report is still not required.
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. The following guidance should be understood to address the requirements at such a time as the order may be lifted. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. To learn more, visit fincen.gov/boi or go to BOI Reporting Filing Dates
You may want to listen to https://www.youtube.com/watch?v=Ufnxel3imUc
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