There are always changes when dealing with the IRS.  I communicate these changes to my clients in an annual letter, however, this year the change is mid year.  Each LLC, S Corp or partnership must complete a new form, the BOI, Beneficial Ownership Information.  I am sending a letter to each affected client with instructions on how to complete this form and offering to assist them if necessary.  If this new form is not submitted no later than January 1, 2025, there may be penalties and fines.  I counsel with those clients who need direct assistance.