Tidbits, FinCEN Reporting, Technicals, Brazil’s Rainforests, India 12/27/24

FinCEN Reports

Yesterday we reported that the U.S. Court of Appeals on Monday reinstated the 1 January 2025 deadline for farmer corporations and limited liability companies to file Beneficial Ownership Information (BOI) reports as required under the Corporate Transparency Act.

We had two clients send us the U.S.Treasury FINCEN Alert providing guidance to avoid BOI scams. The document states there is no requirement to file BOI reports “at this time,” but no date is included when it was written.

The link to the eleven page document is:

https://www.fincen.gov/sites/default/files/2024-12/Alert-FinCEN-Scams-FINAL508.pdf

We did a lot of research yesterday and it appears there was a court decision issued this past Monday. DTN issued a report on Tuesday stating, in part:

FinCEN, noting Monday's decision, stated that reporting companies "are once again required to file beneficial ownership information with FinCEN. With that, FinCEN delayed the reporting requirements for two weeks.”

Read the DTN article at: 

https://www.dtnpf.com/agriculture/web/ag/news/business-inputs/article/2024/12/24/farmers-face-boi-reporting-deadline

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