BOI Reporting Information

December 30, 2024

The Journal of Accountancy resources:

 

Plaintiffs ask Supreme Court to reject DOJ’s BOI request - 

Jan 10, 2025 - In response to the Justice Department’s application for a stay of a district court injunction related to beneficial ownership information reporting, the plaintiffs claim that staying the injunction would harm reporting companies more than it would help the government.

DOJ asks Supreme Court to block injunction on BOI reporting

Jan 3, 2025 - In the emergency application filed Tuesday, the Justice Department said beneficial ownership reporting is important in the government’s fight against crimes such as the financing of terrorism.  Jan. 10 deadline set for plaintiffs to respond.

Appeals court reinstates injunction that halts BOI enforcement

Dec 27, 2024 - Three days after a panel of judges granted a government motion to lift the injunction, another panel said it was reinstating a lower court’s ruling. An AICPA statement urged CPAs to be prepared to file BOI reports. A statement by the Financial Crimes Enforcement Network said that, in light of the court ruling, companies could continue to file BOI reports voluntarily and that they are "not subject to liability if they fail to do so while the order remains in force." 

Dec 23, 2024 - Injunction lifted; FinCEN extends most BOI deadlines to Jan. 13

 

For more information:
Visit the FinCEN website: fincen.gov
FinCEN Contact Page: fincen.gov/contact
FinCEN Frequently Asked Questions: fincen.gov/boi-faqs 

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