Skip to main content

The WSCPA office is closed except for special events and prearranged visits. You can reach staff during business hours via phone, email or live chat (scroll to bottom of page for contact info).

Beneficial Ownership Information Rules: What CPAs Need to Know

May 17, 2023


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:

BOI Reporting resources (FinCEN) 
BOI reporting FAQ for clients (AICPA & CIMA)
BOI reporting FAQ for practitioners (AICPA & CIMA)
Sample form for clients  (AICPA & CIMA)