BOI Injunction Reinstated
Late last night, the Fifth Circuit Court vacated the motion to stay the injunction which barred FinCEN from enforcing BOI reporting requirements. This decision means that FinCEN no longer has the authority to enforce BOI reporting requirements at this time. FinCEN has not updated its website or confirmed whether filing is voluntary again or if further delays to filings beyond January 13, 2025, will be provided. TSCPA will continue to advocate strongly for additional delays.
If you are assisting clients with BOI reporting, we suggest you continue gathering the required information from clients so that you are prepared to file BOI reports if the injunction is lifted again.
Additional detail is included in the court's decision here: Fifth Circuit Opinion