top of page

Frequently Asked Questions

​

What Are The Penalties For Failing To File A FinCEN

Report As Required By The Corporate Transparency Act 

​

The Corporate Transparency Act (CTA) provides for several monetary penalties and a criminal penalty for violating the CTA. Companies who willfully provide false information (including a false or fraudulent identifying photograph or document) or neglect to report by the filing deadline can face a civil BOI penalties of up to $500 for each day that the violation continues or has not been remedied. In addition, they can be fined up to $10,000 and/or face up to 2 years of imprisonment.

Addressing the most Frequently Asked Questions regarding FinCEN Beneficial Ownership Information Reporting
bottom of page