FinCEN extends most BOI deadlines to January 13, 2025

The Fifth Circuit Court of Appeals granted a Department of Justice (DOJ) motion to lift an injunction, suspending the January 1, 2025, deadline to file the beneficial ownership information (BOI) reports, put in place by a district court ruling December 3, 2024, that the DOJ had appealed. 

The deadline for most reporting companies to file beneficial ownership information (BOI) reports was extended to January 13, 2025, by the Financial Crimes Enforcement Network (FinCEN), hours after a Monday court ruling reinstated the reporting requirement. 

After the Fifth Circuit order, FinCEN, which enforces the Corporate Transparency Act (CTA), announced that, for reporting companies that had been required to supply BOI information by January 1, their new filing deadline was January 13, 2025. 

Reporting companies created or registered in the United States on or after December 3, 2024, and on or before December 23, 2024, have an additional 21 days from their original filing deadline to file initial BOI reports with FinCEN. 

At this time, our office stands ready to assist in the filing of the BOI reports by those required to do so. In the meantime, we will keep posting updates as they become available.