Wednesday, November 27, 2024
FinCEN Urges Framingham Businesses to File BOI Reports by 01/01/2025 to Avoid Fines
The Corporate Transparency Act (CTA) requires businesses to disclose Beneficial Ownership Information (BOI) to FinCEN, enhancing efforts to combat financial crimes such as money laundering and tax evasion. As of today, November 26, 2024, Framingham, Massachusetts business owners have 36 calendar days (or 26 business days) remaining to file their BOI reports with FinCEN before the January 1, 2025, deadline. Avoid steep penalties of $500 per day by acting now! Action Steps for Framingham
