The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced that certain victims of Hurricane Milton, Hurricane Helene, Hurricane Debby, Hurricane Beryl and Hurricane Francine will receive an additional six months to submit beneficial ownership information (BOI) reports, including updates and corrections to prior reports.
FinCEN has issued five Notices extending the filing deadlines for reporting companies that 1) have an original reporting deadline beginning one day before the date the specified disaster began and ending 90 days after that date and 2) are located in an area that is designated both by the Federal Emergency Management Agency (FEMA) as qualifying for individual or public assistance and by the IRS as eligible for tax filing relief. If the IRS designates more areas for tax relief due to the respective hurricanes, companies in those areas will also receive the six-month extension automatically.
The Notices and dates are as follows:
- Hurricane Milton - applies to BOI report deadlines between Oct. 4, 2024, and Jan. 2, 2025.
- Hurricane Helene - applies to BOI report deadlines between Sept. 22, 2024, and Dec. 21, 2024.
- Hurricane Debby - applies to BOI report deadlines between July 31, 2024, and Oct. 29, 2024.
- Hurricane Beryl - applies to BOI report deadlines between July 4, 2024, and Oct. 2, 2024.
- Hurricane Francine - applies to BOI report deadlines between Sept. 8, 2024, and Dec. 7, 2024.
In addition, FinCEN will assist companies outside the disaster areas that need to access records in affected areas to meet their filing deadlines. These companies should contact FinCEN at http://www.fincen.gov/boi.