FinCen Fiasco

[JON]

If we are talking about the same subject, I think we are prohibited from helping in the preparing of the information. We are sending out information on what they have to do, but I will avoid the preparation of the information that is up to them.

[Snaggletooth]

My LLC (and other entities)customers are going to be furious at the government placing requirements on tax preparers to gouge personal information for BOI owners. I may lose some customers, and will have to choose whether to prepare their entity returns (which is all my profession should entail), or send them packing to another preparer (who is also directed to turn over to the FinCen fiasco).

The legitimate and proper source for this information should be the office of the Secretary of State (every state has one).

The crooks they say they want to catch are not hiding in small LLCs and corporations. They are not filing anything legitimate at all.

Is anyone suspicious that the govt has another agenda in mind?