More info: BOI update On December 3rd, a Texas court blocked the mandatory BOI filing. However, it can still be lifted. The FICPA states "In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN) and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information (BOI) reports." The AICPA stated, that companies should gather their information and they should be ready to file in the event that the injunction is lifted.

Posted by Chef Katrina at 2024-12-11 13:42:31 UTC