American Farm Bureau Federation President Zippy Duvall commented today on the ping pong of court orders that ended with a court-ordered reprieve from Treasury Department reporting requirements for many small businesses.
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.