PROFIT FROM IT: BOI reporting suspended again

PROFIT FROM IT: BOI reporting suspended again

The Treasury Department made a surprise announcement March 2, saying that Beneficial Ownership Information (or BOI) reporting under the Corporate Transparency Act was being suspended for most businesses operating in the US, and this time it’s for good, so they…

Beneficial ownership information reporting requirements suspended for domestic reporting companies

The twisty journey of the Corporate Transparency Act’s (CTA’s) beneficial ownership information (BOI) reporting requirements has taken yet another turn. Following a February 18, 2025, ruling by a federal district court (Smith v. U.S. Department of the Treasury), the requirements are technically back in effect for covered companies. But a short time later, the U.S. Department of the Treasury announced it would suspend enforcement of the CTA again…

BOI Reporting Rule Will Remain ‘Highly Useful’ After Update, Treasury Says

When the Financial Crimes Enforcement Network revises a rule implementing the Corporate Transparency Act (CTA), it will aim to ensure the regulations are "appropriately tailored to advance the public interest," a Treasury Department official told lawmakers last week. ...