The rule requiring businesses to report their beneficial ownership is deeply flawed. Enforcement should be suspended until it ...

Hiring freezes at the IRS to a potential end to contingency fees have created a complicated start to the year for accountants and tax pros.

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.

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 ...

“These lower-court injunctions have temporarily impacted BOI reporting but do not address the core constitutional issues,” ...

Starting last January, the U.S. Department of Treasury’s Financial Crimes Enforcement Network has opened a portal for ...

Update: On January 24, FinCEN published updated reporting guidance in which it announced that reporting companies are not ...

Peken Global, operating KuCoin since 2019, agreed to pay penalties worth $297 million for failing to register as a money transmitting business with the U.S. Treasury’s Financial Crimes Enforcement ...

Discusses the willfully requirement for the filing of FINCEN Beneficial Ownership Information Reports (BOIR) under the ...

Farmers are encouraged to contact an accountant or attorney if they are unsure whether they are required to file their business’s BOI ... penalty of severe fines and jailtime,” said NCBA Executive ...

Wolters Kluwer said fines could be up to $591 per day, with potential criminal penalties reaching ... to familiarize themselves with BOI reporting requirements and the specific exemptions listed by ...