The Corporate Transparency Act (CTA) has introduced new reporting requirements for millions of businesses across the United States. Many tax-exempt organizations are wondering whether they need to file a beneficial ownership information report with FinCEN. Let's break down exactly what tax-exempt entities need to know about these new requirements.

Most U.S. businesses are required to file a Beneficial Ownership Information report unless they meet one of the CTA exemptions.

A BOI report is a critical report for business owners to understand. Most business owners need to file this report and there can be massive fines for missing the filing deadline. Let's dive into the details and learn more.