FinCEN Archives

Posts

U.S. Treasury Department where Beneficial Ownership Information rules now extend to foreign entities

U.S. Beneficial Ownership Information reporting rules now apply only to foreign entities

March 28, 2025/0 Comments/in Tax Planning /by Armando Iannuzzi

The continuing saga over on-again, off-again Beneficial Ownership Information (BOI) reporting rules in the U.S. seems to be settled, at least in the near term. The U.S. Financial Crimes Enforcement Network (FinCEN) has issued an interim final ruling removing the “… requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to […]

Canada US flags and beneficial ownership rules

Update: U.S. judge lifts injunction suspending Corporate Transparency Act and beneficial ownership reporting rules

December 24, 2024/in Tax Planning /by Armando Iannuzzi

A significant compliance requirement for Canadian companies with subsidiaries in the United States is the obligation to disclose information about the individuals that own or control those companies through Beneficial Ownership Information (BOI) reporting rules. The U.S. Corporate Transparency Act (CTA) also mandates that, in certain cases, the beneficial owners of a foreign-owned company with […]

Privacy & Compliance | Contact

KRP LLP is a proud member of Russell Bedford International – a global network of independent professional services firms

Subscribe to our newsletter

Privacy & Compliance | Contact

Client Login