Update on Beneficial Ownership Information (BOI) Reporting Deadline
On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it will not impose penalties or take enforcement actions against companies that fail to file a Beneficial Ownership Information (BOI) report by the current March 21, 2025, deadline. Additionally, FinCEN intends to issue an interim final rule that would extend BOI reporting deadlines [...]