The BOI reporting requirement has once again changed. FinCEN recently announced that it “intends to issue an interim final rule that extends BOI reporting deadlines” no later than March 21, 2025. Previously FinCEN announced a March 21, 2025 deadline to file BOI reports.
Until recently, FinCEN made BOI Reports voluntary. However, FinCEN has changed course and announced a March 21, 2025 deadline to file BOI Reports.
On January 23, 2025, the U.S. Supreme Court lifted the initial injunction preventing enforcement of Corporate Transparency Act (CTA) in Texas Top Cop Shop, Inc. v. Garland (E.D. Tex.). However, FinCEN continues to make the Beneficial Ownership Information reporting (BOI Report) requirement voluntary.
