Understanding the BOIR Filing Requirement: A Guide for U.S. Business Owners
The BOIR filing requirement mandates that U.S. businesses disclose beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA). Failure to comply can lead to hefty fines or legal consequences. This guide explains who must file, deadlines, penalties, and how Taxwork can simplify compliance for your business. Who Needs to File a BOIR? The CTA applies […]
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