The Financial Crimes Enforcement Network (FinCEN) has extended the March 21 Beneficial Ownership Information (BOI) reporting deadline and paused enforcement, allowing small businesses more time to comply with the Corporate Transparency Act (CTA). The agency has not yet set a new deadline but plans to announce one by March 21. In the meantime, FinCEN will not impose penalties or fines for late filings until new regulations take effect, and it is seeking public comments on ways to reduce the regulatory burden on small businesses.

Congress is also considering further delays, with a House-passed bill proposing an extension until January 1, 2026. This move comes after multiple legal challenges to BOI enforcement, including court injunctions that temporarily halted implementation. Small business owners should stay informed on upcoming rule changes while awaiting further guidance from FinCEN.

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