Beneficial Ownership Information Filing Deadline Once Again Suspended
12/27/2024
After numerous court decisions impacting the filing requirement, the merits panel of the United States Court of Appeals for the Fifth Circuit issued a decision that once again relieves business owners of meeting the filing deadlines of Beneficial Ownership Information with the Financial Crimes Enforcement Network (FinCEN), at least temporarily. However, given the last-minute back and forth of the legal rulings affecting the deadline, business owners subject to the filing deadline should continue to gather the necessary information and be prepared to file.