News
Update on BOI legal action 02/06/2025
Feb 6, 2025 —The Dept. of Justice, on behalf of FinCEN, filed a motion to appeal and stay the injunction in the Samantha Smith, et al. v. US Dept. of Treasury BOI case. The motions filed appeal the Court's BOI ruling and request a stay on the current inunction on BOI reporting. Given the recent Supreme Court decision, people are anticipated the injunction will be similarly lifted. A decision could come quickly based on the pace of previous decisions.
FinCEN has said their intention is to provide a 30-day filing extension for the BOI report in the event the injunction is lifted. AICPA continues to advocate with FinCEN to consider a longer extension period to appropriately account for the lack of awareness and confusion.
RIGHT NOW, this does NOT change the status of the BOI reporting deadline.
Please check this website, the FinCEN website, the AICPA BOI reporting center, or the FincenFetch Appeal Tracker for updated info.
