If you have an LLC, S-Corp, c-corp or partnership…

PLEASE READ

As this is a non-tax issue – we are providing this information as a courtesy only.

For questions – please see the links below.
 

For the past year, the U.S. Department of the Treasury has been doing outreach about a new reporting requirement for owners of LLC’s, S-Corps and C-Corps and some Partnerships. The new requirement is aimed at preventing financial crimes – such as funding terrorist organizations, etc.

However, the requirement and deadline have been in legal limbo.

Our recommendation remains the same:

Just go ahead and file it

Filing is free. But the penalties for not doing so may be severe - up to $10,000. So we recommend filing for your own peace of mind.

Below are the links needed to comply:

FILING: https://www.fincen.gov/boi

FAQ: www.fincen.gov/boi-faqs

HELP: www.fincen.gov/contact

For questions – please see the links above.

Empire Tax Prep