{"id":11593,"date":"2024-02-28T13:18:25","date_gmt":"2024-02-28T19:18:25","guid":{"rendered":"https:\/\/www.cainwatters.com\/digitalblogs\/?p=11593"},"modified":"2025-02-26T17:03:17","modified_gmt":"2025-02-26T23:03:17","slug":"fincen-corporate-transparency-act-boir","status":"publish","type":"post","link":"https:\/\/www.cainwatters.com\/digitalblogs\/fincen-corporate-transparency-act-boir\/","title":{"rendered":"Details Surrounding FinCEN\u2019s Corporate Transparency Act"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11593\" class=\"elementor elementor-11593\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-180e43de elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"180e43de\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-71346df2 ae-bg-gallery-type-default\" data-id=\"71346df2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce26954 elementor-widget elementor-widget-heading\" data-id=\"ce26954\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What you need to know about the beneficial ownership information report<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3515305 elementor-widget elementor-widget-text-editor\" data-id=\"3515305\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><em>Updated Feb. 26, 2025<\/em><\/strong><\/p><p><em>On Feb. 19, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that most companies under the Corporate Transparency Act (CTA) need to submit their Beneficial Ownership Information (BOI) reports by\u00a0<strong>March 21, 2025<\/strong>. This follows a court ruling on Feb. 18, 2025, that cleared the way for enforcing the CTA. <span style=\"text-decoration: underline; color: #33cccc;\"><a href=\"https:\/\/www.cainwatters.com\/digitalblogs\/corporate-transparency-act-halted\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #33cccc;\">Learn more at our blog<\/span><\/a><\/span>.<\/em><\/p><p>***<\/p><p><em><strong>Updated Dec. 6, 2024<\/strong><\/em><\/p><p><em>On Dec. 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction<strong>\u00a0temporarily suspending<\/strong> enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BIO) Reporting Rule. The injunction suspends obligations to file initial BOI reports by Jan. 1, 2025. <span style=\"text-decoration: underline; color: #33cccc;\"><a href=\"https:\/\/www.cainwatters.com\/digitalblogs\/corporate-transparency-act-halted\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #33cccc;\">Learn more at our blog<\/span><\/a><\/span>.\u00a0<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-37d52e4e blue-box elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"37d52e4e\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-67d6be07 ae-bg-gallery-type-default\" data-id=\"67d6be07\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2a8612 elementor-widget elementor-widget-text-editor\" data-id=\"f2a8612\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Key takeaways<\/strong><\/p><ul><li>The Beneficial Ownership Information\u00a0(BOI) Report is simple to complete online.<\/li><li>Businesses only need to file once, unless changes are made or a new entity is formed.<\/li><li>Filing a BOI Report avoids potential civil and criminal penalties.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-54f86328 elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"54f86328\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72270aa6 ae-bg-gallery-type-default\" data-id=\"72270aa6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42045173 elementor-widget elementor-widget-text-editor\" data-id=\"42045173\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">As of Jan. 1, 2024, many companies in the U.S. must report information about who owns or controls the company to the <\/span><a href=\"https:\/\/www.fincen.gov\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\"><span style=\"text-decoration: underline; color: #33cccc;\">Financial Crimes Enforcement Network<\/span><\/span><\/a><span data-contrast=\"auto\"> (FinCEN), part of the U.S. Department of the Treasury. Called the Beneficial Ownership Information\u00a0<\/span>(BOI)\u00a0<span style=\"font-size: inherit;\">Reporting Rule, the law is designed to curb the use of businesses to hide illegal activity.\u00a0\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The <span class=\"NormalTextRun SCXW228737890 BCX8\">BOI<\/span><span class=\"NormalTextRun SCXW228737890 BCX8\"> Reporting Rule<\/span>\u00a0states that all corporations, LLCs, or other legal business entities created in the U.S. by filing a document with a Secretary of State or similar office must file this new report unless otherwise exempt. Companies can file the report online using the <\/span><a href=\"https:\/\/boiefiling.fincen.gov\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\"><span style=\"text-decoration: underline; color: #33cccc;\">BOI E-Filing System<\/span><\/span><\/a>.<span data-ccp-props=\"{}\"> \u00a0<\/span><\/p><p><span data-contrast=\"auto\">CWA Director of Compliance <\/span><a href=\"https:\/\/www.cainwatters.com\/jeremy-bolf\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\"><span style=\"text-decoration: underline; color: #33cccc;\">Jeremy Bolf<\/span><\/span><\/a> says the simplicity of filing a BOI Report outweighs the impact of potential civil and criminal penalties for not filing.<span data-ccp-props=\"{}\"> \u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cFinCEN has been tasked with a monumental effort to mitigate business ties to illegal activity while making the reporting process for companies as efficient as possible,\u201d says Jeremy. \u201cCompared to other government filings, the BOI Report is simple to complete online. Businesses only have to complete the report once unless changes to the BOI information occur.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><h5><strong>IMPORTANT DEADLINES<\/strong><span data-ccp-props=\"{}\">\u00a0<\/span><\/h5><ul><li><span data-contrast=\"auto\">For entities created on or before Dec. 31, 2023, the filing is due by Jan. 1, 2025.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">For entities created on or after Jan. 1, 2024, the filing is within 90 days of the new entity\u2019s effective registration date.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">After Jan. 1, 2025, all reporting will have a 30-day deadline.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Any changes to the information in the submitted BOI Report must be reported within 30 days from the date of the effective change in information.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-762069d6 elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"762069d6\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1684485f blue-box ae-bg-gallery-type-default\" data-id=\"1684485f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-650d291c elementor-widget elementor-widget-text-editor\" data-id=\"650d291c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW219010857 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart CommentHighlightPipeRestV2 CommentHighlightRest SCXW219010857 BCX8\">FinCEN states there will be a 90-day grace period for missed filings. After that period, the business and owners could face civil <\/span><span class=\"NormalTextRun CommentHighlightRest SCXW219010857 BCX8\">and<\/span><span class=\"NormalTextRun CommentHighlightRest SCXW219010857 BCX8\"> criminal penalties for willful violations.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-63e74472 elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"63e74472\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e7a3d32 ae-bg-gallery-type-default\" data-id=\"4e7a3d32\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-75e89c0d elementor-widget elementor-widget-text-editor\" data-id=\"75e89c0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><strong>EXEMPTIONS<\/strong><span data-ccp-props=\"{}\">\u00a0<\/span><\/h5><p><span data-contrast=\"auto\">Twenty-three types of entities, including large operating companies, are exempt from beneficial ownership information reporting requirements. To comply with the large operating company exemption, your business must have:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">More than 20 full-time employees<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">A physical location in the U.S.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">More than $5 million in domestic gross receipts or sales as reported to the IRS the previous year<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-b8c4914 elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"b8c4914\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-375f79a1 blue-box ae-bg-gallery-type-default\" data-id=\"375f79a1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6577d33f elementor-widget elementor-widget-text-editor\" data-id=\"6577d33f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>MEMBERS OF THE NATIONAL SMALL BUSINESS ASSOCIATION<\/strong><\/p><p>A recent ruling from an Alabama Federal District Court on the CTA\u2019s BOIR declared it unconstitutional.\u00a0<strong>Please note that the ruling only applies to the plaintiffs in this case.<\/strong> The plaintiffs are the National Small Business Association (NSBA) and its members <strong>as of March 1, 2024<\/strong>. If you have been a member of the NSBA as of March 1, 2024, you can hold off on reporting until either December or a final judgment is made through the appeals process, assuming the entity is a pre-Jan. 1, 2024, formation.\u00a0\u00a0<strong>All new entities that are created and are owned by <u>non-NSBA members<\/u>, must still submit a BOI report within 90 days of the entity formation.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-665b4734 elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"665b4734\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-22c72f8a ae-bg-gallery-type-default\" data-id=\"22c72f8a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a420ada elementor-widget elementor-widget-text-editor\" data-id=\"3a420ada\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Accumulating Wealth Podcast Ep. 165, &#8220;It Has to Be Done&#8221;<\/strong><\/p><p>In a recent Accumulating Wealth Podcast episode, hosts Hunter Satterfield and Judson Crawford shed some light on this new reporting requirement.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-4b2bf83 e-flex e-con-boxed ae-bg-gallery-type-default e-con e-parent\" data-id=\"4b2bf83\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b17b661 libsyn elementor-widget elementor-widget-shortcode\" data-id=\"b17b661\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><iframe title=\"Embed Player\" src=\"https:\/\/play.libsyn.com\/embed\/episode\/id\/29614223\/height\/128\/theme\/modern\/size\/standard\/thumbnail\/yes\/custom-color\/0c2340\/time-start\/00:00:00\/playlist-height\/200\/direction\/backward\/download\/yes\/font-color\/FFFFFF\" height=\"128\" width=\"100%\" scrolling=\"no\" allowfullscreen=\"\" webkitallowfullscreen=\"true\" mozallowfullscreen=\"true\" oallowfullscreen=\"true\" msallowfullscreen=\"true\" style=\"border: none;\"><\/iframe><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What you need to know about the beneficial ownership information report Updated Feb. 26, 2025 On Feb. 19, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that most companies under the Corporate Transparency Act (CTA) need to submit their Beneficial Ownership Information (BOI) reports by\u00a0March 21, 2025. This follows a court ruling on Feb. 18, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":11603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16,41,29],"tags":[],"ppma_author":[48],"class_list":["post-11593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-news-feature","category-featured","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Details Surrounding FinCEN\u2019s Corporate Transparency Act<\/title>\n<meta name=\"description\" content=\"A 2024 government reporting rule requires all U.S. businesses to report who owns or controls the company to the Financial Crimes Enforcement Network (FinCEN) or risk a penalty.\" \/>\n<meta name=\"robots\" content=\"index, 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