Tuesday, November 26, 2024
FinCEN Requires Austin, TX Businesses to File BOI Reports by 01/01/2025—Avoid $500 Daily Penalties
The Corporate Transparency Act (CTA) mandates specific businesses in Austin, TX to disclose Beneficial Ownership Information (BOI) to FinCEN, aiming to combat financial crimes like tax evasion and money laundering. As of today, 11-26-2024, Austin business owners have 36 calendar days (or 27 business days) left to file their BOI reports with FinCEN—don’t delay, as penalties of $500 per day may apply! Steps to Ensure Compliance1. Determine If Your Business Must File Deadline: ASAPBusinesses like
