The roller coaster that is the battle over Beneficial Ownership Information reporting requirements is going for another loop. A previously reinstated filing requirement has once again been put on hold. Dustin Sherer, director of government affairs for the American Farm Bureau Federation, said a federal court has again delayed a requirement to report information to the Financial Crimes Enforcement Network (FinCEN).
Still, Sherer said farmers and ranchers may have to wait a little while longer before a permanent decision is made.
As an extra precaution, Sherer said any small business owner who may be required to file should have their paperwork in place.
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