[SauronOfMordor]

“Voluntary” can be quickly transformed into “if you don’t submit reports, we will assume you have something to hide, and will put you at top of list for regulatory examination “

Needs to be completely shut down.

[Worldtraveler once upon a time]

It should be noted, for any Freeper with a foreign account, that FINCEN still will threaten them with “non-compliance” and a fine. One should check the FINCEN regs for one's own circumstance.

[ConservativeMind]

FinCEN should be saying for no one to send in the requested information.

Instead, they say send it in, if you want to.

[monkeyshine]

CPAs correct me if I am wrong but isn’t beneficial ownership information already reported on the various tax returns and tax forms like the 1120-S and K1 partnership profit/loss statements etc? I am glad the courts invalidated this new reporting but it seems redundant anyway.