After FinCEN issued a final ... collect information regarding beneficial owners facilitated “the use of complex structures, shell or shelf corporations, other forms of legal entities, and ...

While much has happened during the past few years, and significant change lies immediately ahead, there is little that is new in the upcoming tax season. However, beneficial ownership reporting and ...

If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in ...

A bill that could offer a reprieve for businesses seeking certainty on beneficial ownership information (BOI) reporting ...

Considering conflicting rulings, businesses remain understandably confused about whether to file their mandated Beneficial ...

If a person, persons, or companies willfully fail to report or complete or update beneficial owner information, FinCEN will determine appropriate enforcement response in the form of civil or ...

Treasury official notes the department aims to “reduce regulatory burden on businesses,” and is looking at modifying the ...

FinCEN can share beneficial ownership information with government agencies, law enforcement agencies, and some financial institutions. However, a small business cannot fulfill their federal ...

The Corporate Transparency Act required 32 million small businesses to submit beneficial ownership information to FinCEN by January 15. One case in federal court shook things up. Here is what ...

As of the start of 2024, small companies meeting certain qualifications were required to file beneficial ownership ... form. There are other exceptions, which you can find listed out from FinCEN ...

“The Financial Crimes Enforcement Network (FinCEN) infringes American small ... Under the law, a “beneficial owner” is someone who directly or indirectly has ownership of at least 25% ...

If the federal government gets its way, companies must file a beneficial ownership information report soon. Find out what’s ...