The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) ...

On March 2, 2025, the U.S. Treasury Department announced that it will no longer be enforcing any penalties or fines against U.S. citizens, ...

As discussed in our prior client alert, following the February 18 decision by the U.S. District Court for the Eastern District of Texas in Smith ...

The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.” ...

Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses — for now, at least.

FinCEN reinstates BOI reporting for March 21, 2025; TaxBandits ensures seamless compliance with AI-powered e-filing and BanditGuarantee benefits.

The Treasury Department announced that it is suspending enforcement of the Beneficial Ownership Information (BOI) reporting ...

The CTA mandates that certain U.S. entities disclose ownership details to FinCEN to enhance transparency and prevent financial crimes. While BOI reporting was temporarily halted due to legal ...

The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...

The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...