BOI change in law

[Uncle Sam]

Now that BOI reporting is mainly required for foreign entities, and most of our clients are NOT required to disclose those details to Dep't of Treasury, how will US corporations or LLCs who have already filed the
BOI reporting form prior to the law change have their information be deleted from the government's files, or notify effected taxpayers ?

[Twin Turbo Z]

What a mess this has been. We registered last year. The web site has no way to contact them via email with questions.

[Snaggletooth]

how will US corporations or LLCs who have already filed the
BOI reporting form prior to the law change have their information be deleted from the government's files, or notify effected taxpayers ?

Don't think anyone in the govt will be righteous enough to delete anything, and even if they were, how would any authorization be forthcoming...

[Uncle Sam]

By having the U.S. Treasury mail a letter to those who are effected with US mailing addresses to confirming that their data has been deleted from its files.

[Rapid Robert]

I realize that the enforcement of the law is hit-or-miss, but when was there an actual change to the law? What legal basis is there for deleting information which is still required by law?

[Uncle Sam]

Earlier this tax season the government changed the law that only required foreign corporations outside U.S. to file. Domestic entities were relieved from filing. My question is, early birds who already filed and are not now required - is the government still going to keep their data in their files?

[Rapid Robert]

Earlier this tax season the government changed the law that only required foreign corporations outside U.S. to file.

Enforcement of the existing law is now hit-or-miss, as I stated. But Congress did not change the law, and no final court decision has ruled it unconstitutional. If you continue to claim that the law changed, please provide some evidence referencing a bill passed by Congress and signed into law by a president. Specifically, you need to provide a legal basis for your claim that properly submitted data must be deleted.

[Uncle Sam]

https://www.fincen.gov/news/news-releases/fincen-removes-beneficial-ownership-reporting-requirements-us-companies-and-us#:~:text=WASHINGTON%E2%80%93%E2%80%93Consistent%20with%20the%20U.S.,to%20FinCEN%20under%20the%20Corporatehttps://www.fincen.gov/news/news-releases/fincen-removes-beneficial-ownership-reporting-requirements-us-companies-and-us#:~:text=WASHINGTON%E2%80%93%E2%80%93Consistent%20with%20the%20U.S.,to%20FinCEN%20under%20the%20Corporate

[Anarchrist]

That's an interim final rule, not a change in law. The law has not changed in any way.

To answer the original question, nothing will be deleted.