Treasury Extends Filing Beneficial Ownership Reports and Contemplates Alternative Forms

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Friday, October 20, 2023

Author:

Bruce Zagaris

Volume:

39

Issue:

11

Abstract:

On September 28, 2023, FinCEN proposed to amend the beneficial ownership information (BOI) reporting rule to extend the filing deadline for certain BOI reports. On September 30, 2023, FinCEN issued a notice of information collection with respect to the Beneficial Ownership Information Reports (BOIRs) and have proposed a dropdown box for filers who are not able to obtain the required beneficial ownership information.