FinCEN’s latest announcement on beneficial ownership information (“BOI”) reporting under the Corporate Transparency Act was issued yesterday – February 27th. In the notice, FinCEN stated that it will not be enforcing the current March 21st reporting deadline.
Yesterday’s announcement promises more information from FinCEN by March 21st in the form of an “interim final rule” that extends BOI reporting deadlines. It also references other possible changes to the BOI reporting rules later this year. We will continue to monitor CTA developments. Stay tuned.