Not more than four days (December 23, 2024) from when the Fifth Circuit Court of Appeals in Texas Top Cop Shop v. Garland lifted the district court’s December 3rd preliminary nationwide injunction on beneficial ownership reporting (BOI), a Fifth Circuit panel has now reinstated a nationwide injunction blocking enforcement of BOI reporting.
What It Means
The nationwide scope of the injunction means that the BOI reporting is temporarily blocked for all of the approximately 32.6 million existing reporting entities.
Stay tuned for more updates as they become available.
Contact Us
Please reach out to Withum’s Tax Services Team if you have any questions about your BOI reporting obligation.
