904-356-0349 info@nedjacksontax.com

Welcome to Ned’s Blog Spot, where you can find all your tax filing tips and tricks. While our tax deadline is still a way away, there are some new filing requirements that you’ll want to know of and prepare for before the new year. Wondering if this applies to you? Keep reading to find out!

This new filing requirement is brought to us by “The Corporate Transparency Act.” This act requires certain types of U.S. and foreign entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. Beneficial ownership information is information about the entity, its beneficial owners, and in certain cases its company applicants. Beneficial ownership information is reported to FinCEN through Beneficial Ownership Information Reports (BOIRs). This will include all companies registered with secretaries of the states, such as LLC, CORP, S.CORP, and PARTNERSHIPS.

Due Dates:

– Established before Jan 1,2024 = Due Jan 1, 2025
– Established on or after Jan 1, 2024 = Due w/in 90 days
– Established on or after Jan 1, 2025 = Due w/in 30 days

Filing Instructions:

https://boiefiling.fincen.gov/resources/BOIR_Filing_Instructions.pdf

Application Site:

https://www.fincen.gov/boi

We hope you find this information helpful as you begin to prepare for the upcoming tax season. If you have any questions, the information for our downtown office will be listed below and don’t forget to check back for more!

Ned Jackson Downtown Office

Address
255 N Liberty Street
Jacksonville, FL 32202

Phone
(904) 356-0349

Email
info@nedjacksontax.com

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