🚨AICPA UPDATE ON #BOI🚨 See below for an important update from Melanie Lauridsen, Vice President for Tax Policy & Advocacy at AICPA. #tax Further information available from the Journal of Accountancy: https://lnkd.in/eiEXYFEs.
‼️ FinCEN issues interim final rule removing requirement for U.S. companies and U.S. persons to report BOI ‼️ In addition to removing the requirement for U.S. companies to file BOI reports, Financial Crimes Enforcement Network, US Treasury also moved the filing deadline for foreign entities that are reporting companies. Foreign entities registered to do business in the U.S. before the date of publication of the Interim Final Rule (IFR) must file #BOI reports no later than 30 days from that date. Meanwhile, foreign entities registered to do business in the U.S. on or after the date of publication of the IFR have 30 calendar days to file an initial BOI report after receiving notice that their registration is effective. For more specifics, read FinCEN's announcement here and please note the IFR is linked in the announcement: https://lnkd.in/ebjwScx6 Keep following me and the AICPA for the latest updates. Also, check out our BOI resource landing page: https://lnkd.in/dW5G4RPr