BOI Reporting Requirements Back in Effect
On February 18, 2025, FinCEN published a notice that BOI Reporting requirements are back in effect. According to the notice, “the new filing deadline for the vast majority of reporting companies will be March 21, 2025.” In addition, “the Department of the Treasury (Treasury) recognizes that reporting companies may need additional time to comply with their BOI reporting obligations, FinCEN is generally extending the deadline 30 calendar days from February 19, 2025, for most companies.”
If your reporting company was given a reporting deadline later than the March 21, 2025, deadline, FinCEN said to follow the later deadline.
Keep in mind, if your reporting company was given a reporting deadline later than the March 21, 2025, deadline, follow the later deadline. Some companies have deadlines in April 2025 because they were qualified for certain disaster relief extensions. FinCEN wrote that the company should follow the April deadline, not March.
E-Filing Available
You may file your BOI Report electronically via the BOI E-Filing System. The BOI E-Filing website provides help and resources including filing instructions, quick reference guides, and step-by-step instructions. Please note that the E-Filing system will be unavailable for schedule maintenance on February 21st from 8 pm to 12 midnight EST.
For more information about the BOI reporting requirements, visit the Financial Crimes Enforcement Network (FinCEN).
Should you have questions about this, or any other topics related to your personal or business situation, please contact us at any time.
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