TaxGuyBill
Level 15

I admit that I haven't dug into the BOI stuff yet, so I could be completely off base, but just for discussion ...

I have read in the past that a tax preparer CAN fill out a state form to help the client register their LLC with the State.  We can't advise about such matters, but if the client want us to merely assist them by filling out a form, we are allowed to do it because it is not considered "practicing law".  How is BOI any different?

FBARs - Are we allowed to file them?  Isn't that similar to BOI - we are just reporting factual information and sending the form to the Treasury Department/FinCen?

 

As a side note, in my opinion tax preparers CAN "practice law" - tax law.  That is what we do.  Yes, we are limited to only tax law, but I don't see how our job wouldn't be considered as "practicing tax law".