Forbes contributors publish independent expert analyses and insights. Providing tools and resources to start, grow and manage your business. The Beneficial Ownership Information (BOI) Reporting Rule, ...

On July 8, 2024, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released new and updated Frequently Asked Questions (FAQs) that clarify FinCEN’s final rules ...

On 9/10/24, FinCEN updated its BOI FAQs page by adding four new FAQs that provide more clarity to BOI Reporting Companies. The new FAQ’s address the areas of companies that cease to exist, foreign ...

The AICPA, in letters to Congress, said it supports legislation in the House and Senate that would codify Treasury’s 2025 interim rule limiting beneficial ownership information (BOI) reporting to ...

As we approach Jan 1, 2025, the effective BOI reporting deadline for entities formed before Jan 1, 2024, the Financial Crimes Enforcement Network continues to refine its guidance to help ensure ...

As Treasury’s Financial Crimes Enforcement Network (FinCEN) continues to try to get the word out to affected small businesses and other stakeholders about the new beneficial ownership information (BOI ...

Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), during a House Financial Services Committee hearing in Washington, DC, US, on Wednesday, Feb. 14, 2024. The marketing ...

Most businesses that are officially registered with their secretary of state will need to complete a BOI report. Many, or all, of the products featured on this page are from our advertising partners ...

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NOTE: This article by Las Vegas attorney Greg P. Kerr was first published in the Community Associations Institute Nevada Chapter newsletter. We received permission to reprint it here. It is important ...

The Treasury Department formally published an interim final rule Wednesday limiting the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to foreign companies.

The Beneficial Ownership Information (BOI) report required small businesses to disclose who owned their companies. As of Sunday, the Treasury Department no longer requires the report from U.S.