Tax Filings for Corporate Transperency Act

Forum|Forum|2 years ago
November 14, 2023
2 replies
31 views

Will the tax forms required to be filed to comply with CTA be part of the program even as an add-on

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Are you referring to the new BOI filings?

I doubt that will be built into ProSeries as a separate filing like the 114 FinCen, at least not very quickly.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

BobKamman

Level 15

Because, for one thing, they are not "tax forms."

J

jeffmcpa2010

Level 10

I agree the BOI information filing is not tax forms.

I am of the opinion that Attorney's who are/have formed LLC's or corporations should be informing their clients of the new reporting requirement. But we all probably have guesses about the likly hood of that occurring.

Since the filing is not a tax form, or tax related, I do not plan on providing that filing service (disclosure - I am mostly retired and not looking for or accepting more work. Those in full time practice may be in a different position.)

I will attempt to provide information to clients whom I know it affects, as a common courtesy.

BobKamman

Level 15

I'm an attorney who seldom sees LLC's or corporations formed by lawyers. Mostly the paperwork is prepared by CPA's or people who call themselves "paralegals," if not by DIYers with an Internet connection and printer. I have filed a few in the last 40 years, but I don't consider myself as having an ongoing client relationship if that was the last work I did for someone. So that's my take on your guess about likelihood.

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