The Corporate Transparency Act (CTA) introduces new obligations for US businesses in 2025, requiring the filing of a Beneficial Ownership Information Report (BOIR) by January 1. Expatriate Tax Returns is offering comprehensive guidance to help expat business owners meet this critical deadline.
The BOIR requires most US businesses to disclose detailed information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). Required details include:
- Full legal name of the beneficial owner.
- Date of birth.
- Residential or business address.
- A unique identifying number, such as a passport or driver’s license.
Failure to file the BOIR on time can result in penalties of up to $500 per day. Expatriate Tax Returns provides step-by-step support, from understanding eligibility to submitting accurate reports.
For assistance with BOIR filing, visit www.expatriatetaxreturns.com or call (561) 715-0630.
About Expatriate Tax Returns
The firm, proudly woman-owned by Diane Siriani, a CPA, along with her team of experienced tax accountants, has been at the forefront of the profession for over 30 years, utilizing the best industry technologies to serve clients effectively and efficiently. Thanks to the flexibility offered by the internet, we have been able to service US citizens located anywhere in the world…quickly, efficiently and professionally.
