AICPA is calling for a delay in the beneficial ownership information (BOI) reporting deadline, warning that "this country will see millions of small business owners become accidentally and unknowingly delinquent in their compliance." Currently, the Financial Crimes Enforcement Network (FinCEN) has received about 6.5m of the expected 32m reports. AICPA highlighted issues such as "lack of clarity" and "unnecessarily tight" deadlines, which hinder small businesses' ability to comply. They advocate for a one-year suspension of the rule to allow businesses to better understand their obligations. Under the Corporate Transparency Act, companies created in 2024 must file BOI reports within 90 days, while those established before 2024 have until January 1st 2025. AICPA has previously sought extensions for filers affected by natural disasters and continues to push for clarity in reporting requirements.