On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). Foreign companies are still required to report their beneficial ownership information under this rule and must do so 30 days from the date of publication.
FinCEN issues interim final rule removing U.S. companies and persons from the CTA’s BOI reporting requirement
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced it was issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act (CTA). The interim final rule went into effect upon publication in the Federal Register, which occurred on March 26, 2025.
Frequently asked questions about Beneficial Ownership Information reporting
Additional Beneficial Ownership Information resources
What public accounting firms and accounting professionals need to know about the Corporate Transparency Act and Beneficial Ownership Information Reporting.
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