On December 5, 2024, an appeal was filed against the preliminary injunction put into place on December 3, 2024.
FinCEN has noted on its website that due to the current injunction, reporting companies are not currently required to file by the initial 1/1/25 deadline. However, FinCEN continues to accept BOI filings and has stated that it believes the CTA will be upheld.
While the situation continues to evolve, Haus Financial Services is encouraging clients to file now before the initial deadline to avoid any last-minute scramble. Even if the deadline is extended, the requirement may still stand. We feel it is best to check this item off your To Do List rather than to continually monitor the status of the legal actions. It may be the only filing you will need to do, but at least it will be done.
Ultimately, it is up to the board of your community association to determine whether or not to file its BOI report at this time.