Many businesses will be required to comply with the Corporate Transparency Act (CTA), which includes filing Beneficial Ownership (BOI) reports. The Financial Crimes Enforcement Network (FinCEN) will administer these reports and establish a database of companies’ beneficial ownership information for law enforcement use. This is not an Internal Revenue Service (IRS) issue. Assisting with compliance and or filing of the CTA, including BOI reporting, is within the scope of the services we provide.