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Tuesday, November 26, 2024
FinCEN's BOI Reporting Deadline: Annapolis, MD Businesses Must File by 01/01/2025 to Avoid Penalties
The Corporate Transparency Act (CTA) requires many businesses to submit Beneficial Ownership Information (BOI) to FinCEN, aiming to increase transparency and prevent financial crimes like tax evasion and money laundering. As of today, 11-26-2024, Annapolis, MD business owners have 36 calendar days (or 27 business days) left to file their BOI reports with FinCEN—failure to comply could result in fines of $500 per day. Steps to Compliance1. Determine If Your Business Must File Deadline: ASAPMost
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