FinCEN Extends Beneficial Ownership Information Reports Deadline to 90 Days for New Entities

Blog Article

The Financial Crimes Enforcement Network (FinCEN) has extended the deadline for new entities to file their initial beneficial ownership information (BOI) reports.
Reporting Entities Created Or Registered In 2024 Will Now Have 90 Calendar Days, Instead of 30, From The Date Of Their Creation Or Registration To File Their Initial BOI Reports.

FinCEN has provided this extension to give new reporting entities more time to become familiar with FinCEN's guidance and educational materials and to resolve any questions that arise in the process of completing their initial BOI reports.

This extension only applies to reporting entities created or registered in 2024.

Reporting entities created or registered in 2025 or later will have 30 calendar days after their creation or registration to file their initial BOI reports.

The BOI Reporting Deadline Hasn't Changed For Reporting Entities Created Or Registered Before 2024. Those Entities Must Still File Their Initial BOI Reports By January 1, 2025.

FinCEN will not accept BOI reports until January 1, 2024. Reports should not be submitted to FinCEN before that date.

Article Topic

Corporate Tax, Personal Tax