Financial Archives - Meara Welch Browne, P.C.

Significant Update – BOI Reporting Enforcement SUSPENDED against US Citizens and DOMESTIC Reporting Companies

The US Department of the Treasury has announced a major development regarding the Corporate Transparency Act and beneficial ownership interest (BOI) filing requirements. It is suspending enforcement against US citizens and domestic reporting companies. For more information, see the press release below: PRESS RELEASES Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act [...]

LATE-BREAKING DEVELOPMENT –BOI Reporting Requirements Are Once Again Back in Effect with a Deadline of March 21, 2025 For Most Filings

On Monday, February 17, 2025, the Federal District Court in Smith v. U.S. Department of Treasury lifted the injunction that was preventing enforcement of the beneficial ownership interest (BOI) filing requirements. The Financial Crimes Enforcement Network (FinCEN) promptly issued an alert on its website confirming that the reporting requirements are back in effect and announcing [...]