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FinCEN permanently ends BOI reporting for U.S. businesses

September 8, 2026

Practice owners no longer need to file beneficial ownership information reports.

Tag(s): Practice Management, Perfect Your Practice


Key Takeaways

  • The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has permanently ended its requirement that U.S. companies submit beneficial ownership information (BOI) reports under the Corporate Transparency Act.   
  • Additionally, FinCEN announced it will delete previously reported information by U.S. persons—now exempt from the reporting requirements—from the beneficial ownership information database. 
  • At the time, the AOA sought an exemption for optometric practices and the AOA Center for Independent Practice (CIP) created detailed members-only resources to help practices comply with the new law.  
  • The CIP remains active as a one-stop hub for resources to help advance the professional skills of doctors of optometry and optometric students. 

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