AICPA News – June 2023
CPA Practice
JUNE 1, 2023
BOI is an anti-money laundering initiative enacted through the Corporate Transparency Act (CTA) in 2021, which mandates that BOI information is reported to the Financial Crimes Enforcement Network (FinCEN). million filings in 2024, and 5-6 million filings each year thereafter, with the potential for steep penalties for the taxpayer.
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