更新: 2024年3月1日，美国宣布.S. District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (CTA) was unconstitutional. 作为对这项裁决的回应, the Financial Crimes Enforcement Network (FinCEN) has since indicated that it will comply with the ruling for as long as it remains in effect, 和 that this ruling only applies to the plaintiffs in the case. 点击这里阅读更多.
The beneficial ownership information (BOI) reporting rules of the Corporate Transparency Act (CTA) became effective on January 1, 2024. 根据《葡京会手机app下载》(as outlined in our earlier blog), a reporting company must file a BOI report with the U.S. Financial Crimes Enforcement Network (FinCEN).
There are 23 enumerated exemptions from the CTA’s BOI reporting requirements. If an entity meets one of the exemptions, that entity is not considered a reporting company 和 therefore is not required to file BOI report.
Need help determining if you comply with the Corporate Transparency Act? 点击这里联系老葡京手机app.
Among the exemptions are the following relating to tax-exempt organizations:
- An organization that is described in Sec. 501(c) of the Internal Revenue Code of 1986 (determined without regard to Sec. 508(a) of the Code) 和 exempt from tax under Sec. 第501(a)条.
- Subsidiaries wholly owned, directly or indirectly, by one or more tax-exempt organizations.
Do tax-exempt organizations need to file BOI reports?
- No, since 501(c) organizations are included as one of the enumerated exemptions.
Do wholly owned subsidiaries of tax-exempt organizations need to file BOI reports?
- No, since wholly owned subsidiaries of one or more 501(c) organizations are included as one of the enumerated exemptions.
What organizations are not covered in the above exemptions?
- Organizations that lose their tax-exempt status. These organizations would need to report BOI to FinCEN unless their tax-exempt status is reinstated within 180 days; 和
- New nonprofit organizations that have not yet received tax-exempt status from the IRS. These organizations would need to report BOI to FinCEN, until the organization qualifies for one of the exemptions.
Please contact Not-for-Profit Senior Tax Manager 约瑟夫Barreca via our online 触点形式 了解更多信息.
点击这里 和 fill out the form if you need help determining if you comply with the Corporate Transparency Act.
委员,葡京会手机app下载 & 老葡京手机app(老葡京手机app) is a professional services firm delivering tax, accounting 和 business advisory expertise throughout the Mid-Atlantic region from offices in 马里兰州贝塞斯达 和 华盛顿特区.
