The rule was enacted to “make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies ...

After several months of back-and-forth court decisions and extended deadlines, the U.S. Treasury Department announced it ...

On February 27, 2025, the US Financial Crimes Enforcement Network (FinCEN) announced that it will not issue fines or penalties or take any other enforcement actions against companies that fail to ...

Per the U.S. Treasury Department announcement below, FinCEN is now dead except for some limited foreign entity reporting. Despite the many turbulent things happening in the U.S. government right ...

NOW, IF YOU OWN 25% OR MORE OF AN LLC OR A CORPORATION, YOU’RE REQUIRED TO FILE YOUR INFORMATION WITH THE FINANCIAL CRIMES ENFORCEMENT NETWORK, ALSO KNOWN AS FINCEN. MOST COMPANIES HAVE UNTIL ...

It appears that FINCEN's Beneficial Ownership Information ("BOI") reporting deadline will be moved to January 1, 2026, at least for companies that were required to file for 2024. This is related ...

The rule, which was held up in court for the last few months, would require foreign and domestic companies to disclose their ...

The U.S. Congress started the BOI problem and now needs to fix it. We last visited FINCEN's Beneficial Ownership Information (BOI) reporting requirements in my article, The FINCEN Beneficial ...

The CTA mandates that certain U.S. entities disclose ownership details to FinCEN to enhance transparency and prevent financial crimes. While BOI reporting was temporarily halted due to legal ...

FinCEN reinstates BOI reporting for March 21, 2025; TaxBandits ensures seamless compliance with AI-powered e-filing and BanditGuarantee benefits. ROCK HILL, SC / ACCESS Newswire / February 20 ...