Beneficial Ownership Information Jan. 1 Reporting Deadline Extended

Following a December 23 federal Court of Appeals decision, most reporting companies are now required to file Beneficial Ownership Information (BOI) reports with FinCEN. To allow additional time for compliance, the Department of the Treasury has extended the reporting deadline. For those with an initial deadline of January 1, 2025, the deadline has now been extended to January 13, 2025.

Below are additional details:

For Companies Created or Registered Prior to January 1, 2024:

These companies now have until January 13, 2025, to file their initial BOI reports with FinCEN (extended from the original January 1, 2025, deadline).

For Companies Created or Registered On or After September 4, 2024:

If the original filing deadline fell between December 3, 2024, and December 23, 2024, these companies now have until January 13, 2025, to file.

If created or registered between December 3, 2024, and December 23, 2024, these companies have an additional 21 days from their original filing deadline to submit their reports.

For Companies Qualifying for Disaster Relief:

These companies may have extended deadlines beyond January 13, 2025, and should adhere to whichever deadline falls later.

For Companies Created or Registered On or After January 1, 2025:

These companies must file their initial BOI reports with FinCEN within 30 days of receiving actual or public notice that their creation or registration is effective.

We encourage you to review the full details of this update and stay informed with TXCPA's member communications on our Beneficial Ownership Information (BOI) Reporting page.