Beginning January 1, 2024, a significant change is coming that could affect a big chunk of your clients. Whether they’re single-member LLCs, small multi-member LLCs, small S corporations, small C corporations, Limited Partnerships or Statutory Trusts, they may be required to provide detailed reporting on their beneficial owners—the people who own or control these entities.
The new FinCEN reporting applies to many of your clients, including those who own rental properties in an LLC. Discussion Leader: Bradley Burnett
