Under the Financial Crimes Enforcement Network (FinCEN) Corporate Transparency Act, issued in September 2022, most companies created in or registered to do business in the United States will need to report information on their beneficial owners to FinCEN starting January 1, 2024. There are stiff taxpayer penalties for noncompliance with this requirement.
Learn more about the requirement with the following resources for CPAs in public practice, industry, and clients:
Help Delay Beneficial Ownership Reporting Requirements: Urge Your Congressional Representatives to Cosponsor Legislation
WSCPA Reaches out to Congress to Support Delay in Beneficial Ownership Reporting Requirements