Radio and TV PSAs Boost Ongoing Outreach and Education Campaign
Business Owners Can Visit Fincen.gov/BOI for More Information on Filing
Under the bipartisan Corporate Transparency Act, enacted in 2021 to curb illicit finance, many companies are required to report basic information to FinCEN about the individuals who ultimately own or control them. Filing is simple, secure, and free of charge. The filing deadline for most companies that are required to report is January 1, 2025.
As part of this initiative, Treasury and FinCEN officials have participated in more than 130 in-person and virtual engagements this year to educate business owners and other stakeholders about beneficial ownership reporting. Additional ongoing efforts include intergovernmental partnerships such as with the IRS and Small Business Administration; collaborations with Secretaries of State and members of Congress; and engagement with industry groups.
Since opening the database for filings on January 1, 2024, FinCEN has received millions of Beneficial Ownership Information Reports, including from companies in all 50 U.S. states.
A select list of upcoming public engagements is available on FinCEN’s website.
FinCEN’s E-Filing system, along with more information about deadlines and who needs to report beneficial ownership information, is available at fincen.gov/boi.
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