BOI Reporting Deadline Extended—But Don’t Wait to File
February 2025 | Category: News
By Rebecca Urland Monzi If you can’t keep up with the BOI Reporting rollercoaster of the past few months, you are not alone. The stay on FinCEN BOI filings related to litigation in Texas was just lifted this week. As a result, FinCEN has extended the reporting period to March 21, 2025. Notwithstanding the extension, FinCEN also stated that prior to the new deadline it will be “assessing its options” to potentially further modify the deadline, as it claims to now be prioritizing reporting for those entities that pose the most significant national security risks (notably, FinCEN has not stated how it will determine those entities). FinCEN has also stated that it intends to initiate a process this year to revise (but not eliminate) the BOI reporting rule to reduce the burden for lower-risk entities. It is unclear when, if at all, FinCEN will provide an update potentially revising the reporting […]
