INFORMATION & RESOURCES
Beneficial Ownership Information (BOI) Reporting
RECENT NEWS & INFO
- Updated FAQs Provide Details on Phase-in Timing of BOI Access
(4-19-24)
- AICPA: BOI Ruling Confuses Businesses; Enforcement should be Delayed
(4-8-24)
- Decision Holding Corporate Transparency Act Unconstitutional Appealed (3-12-24)
- Federal Court Holds Corporate Transparency Act Unconstitutional (3-5-24)
- Plaintiffs: FinCEN should pause all CTA enforcement (3-5-24)
The U.S. District Court for the Northern District of Alabama issued a ruling that raised concerns about the constitutionality of Business Ownership Interest (BOI) reporting. This development adds another layer of uncertainty to a requirement that has already been filled with confusion and complexity. TXCPA will provide updates as this issue develops. - Small Entity Compliance Guide (2-20-24)
- AICPA’s member insurer to cover BOI work for accounting firms (2-6-24)
- Warning: BOI Hazard (2-5-24)
- Community Property States BOI Challenges - FinCEN Report
(1-29-24)
- BOI Reporting and Unauthorized Disclosure Penalties Increased (1-25-24)
- Frequently Asked Questions (Updated 1-12-24)
- BOI Registry Now Accepting Reports (1-1-24)
- U.S. Treasury: Access and Safeguards Final Rule (12-21-23)
- U.S. Treasury Resource: Beneficial Ownership Information Reporting | FinCEN.gov
- Final Rule (11-8-23) | Use of FinCEN Identifiers for Reporting Beneficial Ownership Information of Entities
- Urgent: Business Ownership Information (BOI) Reporting and 2024 Engagement Letters
By Janet Hagy, CPA-Austin (12-11-23)
AICPA Resources
+ February 21 - BOI temperature check and what to tell clients | AICPA Free Webcast
+ Insurance Program Risk Alert
+ Podcast - Traversing the beneficial ownership information reporting requirements (12-20-2023)
+ AICPA January 4 Town Hall (Update for practitioners, starting at 29:00 minute mark)
+ Oh BOI: The Corporate Transparency Act and CPA firms (1-1-24)
+ AICPA December 21 Town Hall - Overview of both ERC and BOI starts at 32:45 in the recording.
BOI RESOURCES & NEWS
- U.S. Treasury: Beneficial Ownership Information Reporting | FinCEN.gov
- Final Rule (11-8-23) | Use of FinCEN Identifiers for Reporting Beneficial Ownership Information of Entities
- Frequently Asked Questions (Updated 12-12-23)
- Urgent: Business Ownership Information (BOI) Reporting and 2024 Engagement Letters
By Janet Hagy, CPA-Austin (12-11-23)
- See Small Entity Compliance Guide | Compliance Guide to Help Small Businesses Report Beneficial Ownership Information | (9-18-23)
- FinCEN Extends BOI Reports Deadline for Certain Companies (11-29-23)
- AICPA, others call for a one-year extension of BOI report deadline (10-31-23)
- Also see: TXCPA Federal Tax Policy Committee Comment Letter (10-31-23)
- Federal Tax Policy Committee Comment to FinCEN on BOI Reporting Deadline (10-30-23)
- FinCEN continues outreach on BOI reporting (10-4-23)
- FinCEN Proposes BOI Reports Deadline Extension for Certain Companies (10-28-23)
- FinCEN Released BOI Guidance – Don’t be Confused About Accounting Firm Exemption (9-28-23)
- Corporate Transparency Act: Are You Prepared? (9-26-23) | Sept Oct 2023 Today's CPA
- Most small accounting firms are subject to the Corporate Transparency Act’s BOI reporting rules | Wolters Kluwer (9-8-23)
- AICPA & CIMA Resources & Information
ALERT: FinCEN has been notified of recent fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act. The fraudulent correspondence may be titled "Important Compliance Notice" and asks the recipient to click on a URL or to scan a QR code. Those e-mails or letters are fraudulent. FinCEN does not send unsolicited requests. Please do not respond to these fraudulent messages, or click on any links or scan any QR codes within them.