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Beneficial Owner / Controlling Person Recertification Form with affidavit DOC0869A2.BO Ref. ___ Do NOT use this Recertification Form for: Individual account holder (use instead the AEI Individual
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How to fill out beneficial ownersinternal revenue service

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How to fill out beneficial ownersinternal revenue service

01
Determine if the organization needs to fill out a beneficial ownership form.
02
Provide detailed information about each beneficial owner, including full legal name, date of birth, address, and social security number.
03
Indicate the percentage of ownership each beneficial owner holds in the organization.
04
Submit the completed form to the Internal Revenue Service.

Who needs beneficial ownersinternal revenue service?

01
Any organization that has beneficial owners with a significant ownership stake and meets the IRS requirements needs to fill out the beneficial owners internal revenue service form.
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The beneficial ownership reporting requirement by the Internal Revenue Service (IRS) aims to enhance transparency in the ownership of entities, helping to prevent tax evasion and financial crimes.
Companies, limited liability companies (LLCs), and other entities that are formed or registered to do business in the United States are required to file beneficial ownership information with the IRS.
To fill out the beneficial ownership form, entities must provide information on their beneficial owners, including names, addresses, dates of birth, and identification numbers, along with the entity’s own details.
The purpose of beneficial owner reporting is to increase transparency regarding the individuals who ultimately own or control entities, which aids in combating money laundering, tax evasion, and other illicit activities.
The information that must be reported includes the name, address, date of birth, and identification number of each beneficial owner, as well as the entity's name and business address.
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