After months of uncertainty regarding enforcement of beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA), Financial Crimes Enforcement Network (FinCEN) has issued new rules...more
3/25/2025
/ Beneficial Owner ,
Compliance ,
Corporate Transparency Act ,
Filing Deadlines ,
FinCEN ,
Foreign Corporations ,
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Regulatory Reform ,
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Reporting Requirements ,
U.S. Treasury
As you may be aware, the Corporate Transparency Act (the “CTA”) requires most private U.S. legal entities to file a Beneficial Ownership Information (“BOI”) report with the Financial Crimes Enforcement Network, or “FinCEN,” a...more
Due to the ongoing COVID-19 pandemic, the IRS has granted taxpayers an automatic extension for the deadlines imposed by section 1031 of the Tax Code for like-kind exchanges.
In IRS Notice 2020-23, released on April 9, 2020,...more