Treasury may fine small businesses $10,000 if they don't file this report

MrSmooth profile photo

Comments(0)

  • ypochris9th December, 2024
    1
    Reply

    The form is easy to complete, they just want business name and address, where it was incorporated, taxpayer number, and name, address, and ID of anyone with substantial control over the business or owning 25% or more.

    The only thing I found slightly difficult was getting copies of photo IDs from "Beneficial Owners".

    • MrSmooth10th December, 2024
      0
      Reply

      What about sole proprietorships? Does that matter?

Please Sign In to Comment.