08/25/2026
FinCEN Makes It Permanent: No More BOI Reporting for U.S. Companies
Sharon Kreider, CPA | Tuesday, August 25, 2026
Beneficial Ownership Reporting
FinCEN issued a final rule permanently removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act (31 U.S.C. §5336). The final rule took effect August 14, 2026, on publication in the Federal Register, and cements the rollback that began with the March 2025 interim final rule. FinCEN also announced it will delete previously reported information filed by U.S. persons, who are now exempt, from the BOI database, and it has issued FAQs on the rollback.
The final rule:
*Makes the March 2025 interim final rule exemptions permanent, ending BOI reporting for U.S. companies (31 CFR §1010.380).
*Exempts U.S. persons holding FinCEN IDs from any duty to update or correct the information they originally submitted.
*Drops the requirement for foreign companies to report U.S. person "company applicants," the individuals who helped register the foreign company to do business in the U.S.
*Exempts foreign pooled investment vehicles registered in the U.S. from reporting BOI of a U.S. person in control of the vehicle.
*Confirms FinCEN will delete information on any individual it reasonably believes is a U.S. person, for example, information linked to a U.S. passport or U.S. driver’s license.
Foreign entities that are reporting companies must still report BOI for foreign individuals.
Some states (such as New York) may have their own disclosure rules that remain in place.
