Instead of giving FinCEN all the information required of a beneficial owner the FinCEN report can state the beneficial owner’s FinCEN identifier number. This number is issued by FinCEN after the beneficial owner submits the required beneficial owner’s information to FinCEN. A beneficial owner’s FinCEN identifier can be entered on all of the beneficial owner’s FinCEN reports instead of entering all the required information. If a beneficial owner owns 10 reporting companies the owner’s FinCEN identifier can be entered on all ten reporting company’s FinCEN report.
We get a FinCEN identifier for every beneficial owner unless there is not enough time to get the identifier before the due date of the FinCEN report. We charge $300 to get a FinCEN identifier.