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
HELP: www.fincen.gov/contact
For questions – please see the links above.
Empire Tax Prep