Earlier this month, a federal court halted the Beneficial Ownership Information (BOI) reporting requirement from the U.S. Department of Treasury’s Financial Crimes Enforcement Network. On Monday, the United States Court of Appeals for the Fifth Circuit reinstated the Jan. 1, 2025, deadline. In a third about-face, late last night, the court reversed that order until arguments can be heard, delaying the reporting requirement indefinitely.
Read the full release from American Farm Bureau Federation here.
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