We want to remind and make sure you are aware of your responsibilities. This will not be a service that MLE will offer.

The new filing requirement is one that is headed up by the US Treasury Financial Crimes Enforcement Network. It is not an INTERNAL REVENUE SERVICE report or form. Existing businesses (LLC’s and corporations) formed before Jan 1, 2024 have until Jan 1, 2025 to file. Newly formed businesses will have 90 days during 2024. Newly formed businesses in 2025 will have 30 days to file.

Penalties for Non-Compliance are severe. Assistance on our part leans towards “legal” assistance which we normally do not provide. The process is fairly easy. Names, addresses and some form of owner identifier will be required. There are online and paper filing options. Changes in ownership, address or name also must be filed if changes occur AFTER the first filing.

Below is the website resource with much information and two of the general questions and answers.

RESOURCE:  https://fincen.gov/boi

A. General Questions

A. 1. What is beneficial ownership information?

Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company.

[Issued March 24, 2023]

A. 2. Why do companies have to report beneficial ownership information to the U.S. Department of the Treasury?

In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.

[Issued September 18, 2023]

PLEASE TAKE NOTE! OUR OFFICE WILL BE CLOSING PROMPTLY AT 6PM MONDAY APRIL 15TH. PLEASE BE SURE TO TAKE CARE OF PICK UP AND PREPARATION PAYMENT SO YOUR RETURNS CAN BE TRANSMITTED TIMELY!

2024 tax season! Our calendars will open January 8^th. For office hours click “contact” at the top of this page. Virtual appointments will still be available with some preparers. We’ve updated our Drop-off Guideline/What to Bring List so please review it. Our MLE Secure Site Portal is available but you must contact us to be set up. Please read our portal FACTS.

These documents can be found by clicking “resources” at the top of this page.

The 2023 tax season is almost here. Our calendars will open January 9th. For office hours click “contact” at the top of this page. Each preparer will have their own mix of in-office and/or virtual appointments available. Our MLE Secure Portal is available to our current clients that have been pre-registered. You must contact our office to be set up. Please read our Portal FAQs, which is under our Resourses.

May 17^th 2020 is our new individual tax deadline. We are still accepting drop-off returns. Some preparers are scheduling “in-person” appointments. Beginning April 19^th our NEW HOURS TILL MAY 17^TH will be:

Monday – Friday 8:30am till 5:30pm; Saturday May 15^th from 8am to 4pm and Monday May 17^th from 8:30am till 7:30pm.