#32 - Beneficial Ownership Filing Requirement Update and Preparing for Year End Tax Filings
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#32 - Beneficial Ownership Filing Requirement Update and Preparing for Year End Tax Filings
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Within the past week, the Beneficial Ownership Information (BOI) filing requirement was both reinstated and then suspended again, pending further legal review. Greg Reed provides an update on the current status of the BOI fiing requirement and his filing recommendations.
Greg also provides advice on gathering documentation to make your annual income tax filings as efficient as possible and explains that while you can extend the deadline to file your tax returns, you still need to pay tax by the initial deadline to avoid penalties and interest.
Reach Greg Reed at smartbookstax.com or greed@smartbookstax.com.
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