Any Business Owners Here?

[Dudley]

Are you aware of the Corporate Transparency Act and the Beneficial Ownership Information report that is due on 1/1/25? Most are not. They have done a deplorable job of getting information out. Failure to comply can result in civil ($591/day) and criminal (up to two years in prison) penalties.

Link:

FinCEN.gov

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www.fincen.gov

Don't take my word for it. Call your CPA.

 

[KTMLew01]

FinCEN.gov

Existing Companies Have One Year to File; New Companies Must File Within 90 Days of Creation or Registration WASHINGTON -- Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information reports. The bipartisan Corporate...

www.fincen.gov

 

[sdj]

G D IRS!!!