Wednesday, November 27, 2024
FinCEN's BOI Reporting Deadline: Chicago-Naperville-Joliet Businesses Must File by 01/01/2025 to Avoid $500 Daily Fines
The Corporate Transparency Act (CTA) requires many U.S. businesses to submit Beneficial Ownership Information (BOI) to FinCEN, aiming to curb financial crimes like tax evasion and money laundering. As of today, November 27, 2024, Chicago-Naperville-Joliet business owners have 35 calendar days (or 25 business days) left to file their Beneficial Ownership Information (BOI) report with FinCEN—don’t wait, or you could face fines of $500 per day! Action Items for Businesses1. Determine if Your Business
