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

On March 2, 2025, the U.S. Department of the Treasury t (“Treasury”) announced that it will not impose penalties, fines, or ...

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 ...

A court in the Eastern District of Texas has reinstated beneficial ownership information (BOI) reporting requirements under ...

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.” ...

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

The U.S. Treasury Department announced Sunday a suspension of the enforcement of the Corporate Transparency Act (CTA) against ...

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

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

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 news marks just the latest example of how the CTA has been a moving target for the 34 million businesses the law affects.