In August 2024, the Financial Crimes Enforcement Network (FinCEN) announced a final rule that is designed to combat and deter money laundering by increasing transparency in the U.S. residential real estate sector....
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
FinCEN recently shed light on how entities that are disregarded from their owners for Federal income tax purposes should handle tax identification numbers (TINs) under the Corporate Transparency Act (CTA)....
Check back often for the latest FAQs about beneficial ownership and BOI reporting requirements....
A federal district court in Alabama has found the Corporate Transparency Act, which includes the controversial Beneficial Ownership Information reporting requirements, to be unconstitutional. ...
Check back often for the latest FAQs about the BOI Reporting Process....
FinCEN opened its e-filing portal for BOI reports on January 1, 2024 and provided a 21-page instruction guide for completing the reports. Here’s what you need to know. ...
Who is required to file a BOIR? When is it due and what information is required? Find out more in this article. ...
Under the Corporate Transparency Act (CTA), reporting companies are required to report to the Financial Crimes Enforcement Network (FinCEN) certain identifying information about themselves, as well their beneficial owners and company applicants....
The Financial Crimes Enforcement Network (FinCEN) amended the Beneficial Ownership Information (BOI) reporting rule to extend the deadline for filing certain BOI reports....
