An injunction to halt FinCEN’s collection of beneficial ownership information (BOI) was overturned yesterday, Dec. 23, in the Fifth Circuit Court of Appeals. Please see this Journal of Accountancy article for more details.
What does this change mean?
All members of LLCs or corporate shareholders are required to comply with FinCEN’s reporting requirement. The new deadline for this reporting is Monday, Jan. 13, 2025.
We encourage all members of LLCs or corporate shareholders to explore the self-reporting option* by visiting the BOI site:
We understand that regulatory changes can be challenging, and we are here to make your life less taxing. If you need assistance with this process, please reach out to us as soon as possible. Our fee is $495 per business with 1-4 owners.
*Please disregard if your BOI has already been filed.