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BOI IS BACK!

ALERT: After another federal court ruling, the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act are back in effect. The Financial Crimes Enforcement Network (FinCEN) is extending the reporting deadline for most companies to 30 calendar days from Feb. 19, 2025, to allow additional time to comply. The new deadline is March 21, 2025, for the majority of reporting companies, with certain exceptions. During the 30-day period, FinCEN will assess its options to further modify deadlines while prioritizing reporting for those entities that pose the most significant national security risks. Contact us with questions or visit: https://bit.ly/40TtxkP 


For assistance filing your BOI, you can reach out to XQ CPA’s tax professionals. It’s important to act quickly as the deadline is approaching soon. Feel free to give us a call or you can book an appointment online at the link below. We are here to help you.


Phone: 832-295-3353



 

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