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IRS & Financial· 5 min read

Beneficial Ownership Information (BOI) Reporting — FinCEN Filing

Corporate Transparency Act requires most US entities to file BOI reports with FinCEN. Civil penalties $500/day; criminal $10K + 2 years.

The Corporate Transparency Act (CTA) requires most domestic and foreign entities registered to do business in the US to disclose their beneficial owners to FinCEN.

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