The beneficial ownership information reporting requirements under the Corporate Transparency Act are back in effect as of February 18, 2025.
The beneficial ownership reporting mandate could be back in play soon with a possible new set of deadlines and rules from FinCEN.
In the latest development concerning the Corporate Transparency Act, a ruling from the United States Supreme Court further complicated the future of the CTA and its reporting obligations.
This development marks another chapter in the rollercoaster saga regarding the challenges to the implementation and enforcement of the CTA.
In light of a December 23, 2024, federal Court of Appeals decision, reporting companies are once again required to file beneficial ownership information with FinCEN.
Following the nationwide preliminary injunction barring enforcement of the Corporate Transparency Act, FinCEN has issued guidance on filing BOI Reports.