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House Votes to Delay BOI Reporting Friday, February 14, 2025   (0 Comments) Posted by: Hank Davis Share | On Monday, a one-year delay for small businesses to report on beneficial ownership information (BOI) was unanimously approved by the House of Representatives.  If passed by the Senate and signed into law by President Trump, the deadline to submit BOI reports would move from January 1, 2025 to January 1, 2026. Enforcement of the current deadline has been temporarily put on hold as separate legal proceedings have flip-flopped on whether BOI reporting requirements can proceed. However, the Financial Crimes Enforcement Network (FinCEN) could resume enforcement within 30 days if a court opinion rules in their favor. Bottom line: Companies are not currently required to file BOI reports with FinCEN but legal proceedings are fluid. « Back to Index