Treasury small business ownership rule on hold as court eyes constitutionality

Treasury small business ownership rule on hold as court eyes constitutionality


Key Points
  • Small businesses had been required to report “beneficial ownership information” to the Treasury Department by Jan. 13, 2025, or risk financial penalties.
  • The 5th U.S. Circuit Court of Appeals issued an order late on Dec. 26 that halted enforcement. It comes just days after a previous delay, from Jan. 1.
  • Businesses aren’t required to file a BOI report and won’t face liability while that order is in effect.
  • It will likely be in force until at least March, one legal expert said.



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