IRS BOI Reporting Delayed? 💀
Big news for business owners: The Beneficial Ownership Information (BOI) reporting requirement, originally set to take effect January 1, 2025, is now on hold. A Texas judge recently issued an injunction, deeming the law likely unconstitutional.
What does this mean for you? 🚀 I break down the latest updates, the FinCEN director's statement, and what to expect moving forward.
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Is BOI Dead? (Beneficial Ownership Interest Update 2025)
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BOI reportingIRS reporting requirementsFinCEN BOI updateBOI filing deadlineBusiness owners IRS updatesIRS court rulingBOI reporting delay 2024BOI report exemptionBeneficial ownership court decisionIRS small business newsBOI injunction explained.Is BOI Dead?Beneficial Ownership interestBeneficial Ownership informationBeneficial Ownership Information reportBOIBeneficial ownershipSmall business compliancecapital gainstax updates