Just assume your LLC or S Corporation must file an information report with FinCen. Interestingly, this report gets filed with the Department of Treasury FinCEN, not the IRS. This report will be cross referenced with tax return filings to uncover unreported income, and secret transactions. This is is a historical change in tax reporting that will likely adverserly affect millions of filers. Many taxpayers will probably ignore this critically important filing. We are pleased to offer our skills to you to ensure a proper filing and set your future trajectory on a clear path.
This is also known as Beneficial Ownership Reporting.