The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has published new and updated FAQs on the beneficial ownership reporting requirements that apply from 1 January 2024. The new FAQs, issued on 18 April 2024, include information on reporting companies, beneficial owners, reporting requirements, initial reports, and reporting company exemptions, as well as a new section on access to beneficial ownership information. The new FAQs are as follows: --- C. 8. Do the BOI reporting requirements apply to S-Corporations? Yes. A corporation treated as a pass-through entity under Subchapter S of the Internal Revenue Code (an "S Corporation" or "S-Corp")...