Confused about the BOI Reporting Requirement?
Over the past few weeks, there has been a lot of back-and-forth drama surrounding the BOI reporting requirements. Here’s what you need to know: As of 1/24/2025, FinCEN confirmed it […]
Post Author: Susan Kornatowski CPA JD
BOI Injunction Reinstated, Reporting Paused Again
For business owners, monitoring the rules for BOI reporting this month has been like watching a ping pong match. As of Friday, December 27, the requirement to file a beneficial […]
BOI Reporting Deadline Reinstated
On 12/23/24, the 5th Circuit Court of Appeals granted the government’s emergency motion to stay the nationwide injunction issued in the Texas Top Cop Shop case. This means that businesses […]
Nationwide Injunction Pauses BOI CTA Requirements
UPDATE: A Texas federal court issued a nationwide injunction temporarily halting the enforcement of the Corporate Transparency Act’s (CTA) beneficial ownership reporting requirements. This decision comes as a relief for […]
Ohio Department of Taxation Issues Refund Error Notice
The Ohio Department of Taxation (ODT) has informed the OSCPA that a limited number of taxpayers received incorrect refunds or inflated credit carryforward amounts due to a system error. Refund […]
FinCEN Extends BOI Reporting Deadline for Hurricane Victims
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that victims of Hurricanes Milton, Helene, Debby, Beryl, and Francine will have an additional six months to […]
New CTA Requirements for LLC Owners
Attention LLC Owners – Time is running out to comply with the new CTA requirements! Did you know that most limited liability companies (LLCs) are subject to a new filing […]
Alert: Does BOI Reporting Apply to Your Business?
This is a reminder that your business may be required to comply with new beneficial ownership information (BOI) reporting rules that took effect in 2024. Who needs to be aware […]
BOI Reporting Update & SCAM Alert!
Most small businesses in the US must now report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCen), or face noncompliance penalties. Those who have an ownership […]
New Reporting Requirement for Businesses
Attention business owners! Effective 1/1/2024, many businesses are now subject to a new requirement to file a report of Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). […]
