On March 21, 2025 FinCEN published an interim final rule that eliminates “beneficial ownership information” (BOI) reporting requirements for all domestic companies. The CTA was designed to create a ...

Continuing on its roller coaster of the past few months, CTA compliance is effectively back on hold after FinCEN announced that it plans to further extend the existing reporting deadlines. Below, we ...

The Treasury Department formally published an interim final rule Wednesday limiting the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to foreign companies.

In the interim final rule, FinCEN revised the definition of "reporting company" in its implementing regulations to mean only those entities that are formed under the law of a foreign country and that ...

In the midst of significant legal challenges, FinCEN has now announced that it will officially extend the filing deadline for beneficial ownership information (BOI) reporting compliance. While FinCEN ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. For the last two years there has been an ongoing imperative for estate ...

The federal government in a court brief continued to defend the constitutionality of the Corporate Transparency Act (CTA), P.L. 116-283, even though the government has, at least temporarily, ...

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final interim rule that eliminates beneficial ownership information (BOI) reporting obligations for U.S.-based ...

A small business advocacy organization that sued over beneficial ownership information (BOI) reporting requirements asked the federal government to destroy BOI reports filed before the government ...

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The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) notified businesses that fail to report or update their beneficial ownership information (BOI) before the agency’s March 21 ...

As a result, reporting companies are once again required to comply with these obligations. Recognizing that businesses may need additional time to meet their BOI reporting requirements, the Financial ...