FinCEN says there will be no fines, penalties for failure to report BOI before deadline
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their beneficial ownership information before the agency's March 21 deadline will not face fines or penalties.
FinCEN Again Delays CTA Reporting Deadlines and Suspends Enforcement
On February 27, 2025, the U.S. Financial Crimes Enforcement Network (FinCEN) announced that it intends to issue an interim final rule by March 21, 2025, with extended beneficial ownership information reporting deadlines [FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines | FinCEN.
On February 17, 2025, the U.S. District Court for the Eastern District of Texas, in Smith et al. v. U.S. Department of the ...
A court in the Eastern District of Texas has reinstated beneficial ownership information (BOI) reporting requirements under ...
FinCEN issues new beneficial ownership information compliance date, but experts say unlikely to hold
Uncertainty continues to swirl around a requirement that small businesses and foreign entities file beneficial ownership ...
There continue to be developments regarding the Corporate Transparency Act ("CTA") and the applicability of related ...
The Treasury Department set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a ...
A trio of lawyers from Venable LLP break down the history of the Corporate Transparency Act and what businesses need to know.
NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. Under certain state laws, the following statements may be ...
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Business owners: Have you heard of filing with FinCEN?Business owners are now required to file beneficial ownership information (BOI) under the Financial Crimes Enforcement ...
After several months of ping-ponging court decisions, corporations and limited liability companies (LLCs) must file ...
This month, key decision-makers—the Supreme Court, the Trump administration, and a Republican-led Congress—will determine the ...
The Corporate Transparency Act (CTA) has been reinstated, and companies should proceed with preparing and filing their Beneficial ...
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