Recently, several legal cases have challenged the Corporate Transparency Act (CTA), which created BOI and BOIR. Additionally, the current administration has stated the regulations will be updated and modified. As of 3/21/25, FinCEN announced that all entities created in the United States are exempt from BOI and BOIR. This situation is changing rapidly and Day Traders Taxes will stay abreast of the latest regulations and help our clients to always be in compliance with laws and regulations. With the current regulation, Day Traders Taxes will not file BOI reports unless a client requests otherwise. Entities outside the United States should still file BOI reports. The latest information from FinCEN can be read here.