FinCEN’s final rule permanently removes the federal BOI reporting requirement for U.S. companies and U.S. persons under the Corporate Transparency Act (CTA), while certain foreign entities registered to do business in the U.S. must continue to report BOI for foreign individuals.
Effective Aug. 14, 2026, U.S. companies are no longer required to file initial, updated or corrected BOI reports, and U.S. persons are not required to provide BOI or update FinCEN ID information previously submitted. FinCEN also announced that it will delete previously reported information for U.S. persons from the BOI database.
The resource below is maintained for background and advocacy context, including AICPA’s prior support for legislation to delay implementation of the original reporting requirements.
Related resources
Beneficial ownership information (BOI) reporting resource library — Access resources to learn about the beneficial ownership information reporting requirement under FinCEN’s CTA.
FinCEN Beneficial Ownership Information Reporting — FinCEN resources on reporting requirements, fact sheets and FAQs.