The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) ...

As discussed in our prior client alert, following the February 18 decision by the U.S. District Court for the Eastern District of Texas in Smith ...

Continuing on its roller coaster of the past few months, CTA compliance is effectively back on hold after FinCEN announced that it plans to ...

A court in the Eastern District of Texas has reinstated beneficial ownership information (BOI) reporting requirements under ...

The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.” ...

The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...

FinCEN reinstates BOI reporting for March 21, 2025; TaxBandits ensures seamless compliance with AI-powered e-filing and BanditGuarantee benefits.

The U.S. Treasury Department announced Sunday a suspension of the enforcement of the Corporate Transparency Act (CTA) against ...

Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses — for now, at least.

The news marks just the latest example of how the CTA has been a moving target for the 34 million businesses the law affects.

The CTA mandates that certain U.S. entities disclose ownership details to FinCEN to enhance transparency and prevent financial crimes. While BOI reporting was temporarily halted due to legal ...