The Financial Crimes Enforcement Network (FinCEN) established a beneficial ownership information requirement (BOI) under the Corporate Transparency Act (CTA) whereby most U.S entities must report information on their beneficial owners to FinCEN starting on January 1, 2024. This FAQ provides highlights of the provisions in the CTA and answers questions that clients could raise when informing them of compliance requirements.
For a deep dive of the BOI provisions, view the expanded FAQ guide available to Tax Section members.
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Beneficial Ownership Information (BOI) FAQ Highlights
Mar 11, 2024 · 782.2 KB Download
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