Updated FAQ by the IRS for the Beneficial Owner Information (BOI) reporting
The updated FAQs from the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department provide new information regarding the implementation of access to beneficial ownership information (BOI) as outlined in Section 6403 of the Corporate Transparency Act (CTA), P.L. 116-283. According to the updated FAQs released on Thursday, the phased rollout of BOI access will […]
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