BOI Reporting Deadline Extended to March 21, 2025

Written By Dyer & Associates CPA PLLC

Following a court ruling on February 17, 2025, FinCEN has reinstated the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA).

Key Updates:

  • New Deadline: Most reporting companies now have until March 21, 2025, to submit their BOI reports.

  • Possible Future Extensions: FinCEN is evaluating further deadline modifications, prioritizing high-risk entities.

  • Lower Burden for Small Businesses: FinCEN plans to revise BOI reporting rules this year to reduce burden for low-risk entities, including many small businesses.

  • Exceptions: Companies with later deadlines (e.g., disaster relief extensions) should follow their original deadlines. Certain plaintiffs in National Small Business United v. Yellen are not required to file at this time.

Companies can file their BOI reports for free through FinCEN’s E-Filing system: boiefiling.fincen.gov. More details are available at fincen.gov/boi. If you need assistance filing your BOI reports please contact us at info@dyer-cpa.com.

written by Autumn Darby

Dyer & Associates CPA PLLC
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