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March 29, 2023
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beneficial ownership reporting

Related products:Lacerte
  • March 29, 2023
  • 1 reply
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Will Lacerte include the new FinCEN Beneficial Ownership Reporting with the 2023 tax return modules?  I am thinking this would be similar to FBAR reporting.

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    1 reply

    itonewbie
    itonewbie
    Level 15
    March 29, 2023

    FinCEN is only in the process of developing the system.  This is definitely a space to watch: https://www.fincen.gov/boi-faqs

    14. How will I report my company’s beneficial ownership information?

    If you are required to report your company’s beneficial ownership information to FinCEN, you will do so electronically through a secure filing system available via FinCEN’s website. This system is currently being developed and will be available before your report must be filed.

     

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