Why FinCENConnect Is the Best Way to File Your FinCEN Report
“Why is FinCENConnect the best solution to file the FinCEN report?”
We get asked this question a lot. When it comes to filing your FinCEN report, you have three main options: going the DIY route through the government, hiring an attorney or tax preparer, or using FinCENConnect. While each option has its own merits, FinCENConnect stands out as the most convenient, affordable, and trusted choice. Here’s why:
1. Cost-Effective Pricing
FinCENConnect: At just $12.99/month or $175 one-time, FinCENConnect is the most budget-friendly solution.
DIY (Government): Filing directly with the government may be free, but you often get what you pay for—no guidance, no support, and plenty of frustration.
Attorney/Tax Preparer: At $750 or more, hiring a professional is the most expensive option and can be overkill for a straightforward filing.
2. Time-Saving Simplicity
FinCENConnect: Complete your filing in less than 10 minutes. The platform is smartphone-friendly and designed for ease of use.
DIY (Government): Be prepared to spend up to 100 minutes navigating complicated and outdated systems.
Attorney/Tax Preparer: Expect to spend about an hour and deal with phone calls and emails.
3. Ease of Use
FinCENConnect: Designed with simplicity in mind, the platform is intuitive and accessible for users of all technical skill levels.
DIY (Government): The process is confusing, with little to no guidance available.
Attorney/Tax Preparer: Requires coordination through emails and phone calls, adding unnecessary complexity.
4. Privacy and Control
FinCENConnect: Owners upload their information directly, ensuring data privacy and security.
DIY (Government): You’re responsible for manually gathering and submitting all information—often with little clarity.
Attorney/Tax Preparer: You’ll need to hand over sensitive information to a third party, which might feel intrusive.
5. Exceptional Support
FinCENConnect: Offers U.S.-based phone and chat support to help you every step of the way.
DIY (Government): You’re on your own, with long wait times and minimal help.
Attorney/Tax Preparer: Support is typically charged by the minute, adding to the already high cost.
6. Filing Assistant Help
FinCENConnect: Features a free quiz and step-by-step guide to simplify the process.
DIY (Government): Comes with long, complex instructions that are hard to follow.
Attorney/Tax Preparer: Professional help is available but comes with a steep price tag.
7. Timely Status Updates
FinCENConnect: Keeps you informed with transparent, real-time updates.
DIY (Government): Offers limited or no status updates, leaving you in the dark.
Attorney/Tax Preparer: Updates are often slow and charged by the minute.
8. Re-Filing Reminders and Report Updates
FinCENConnect: Sends quarterly reminders and stores your data securely, making it easy to re-file or update reports.
DIY (Government): You’re on your own to remember when and how to re-file.
Attorney/Tax Preparer: Provides no reminders, and you must coordinate re-filing manually.
9. Overall Experience
FinCENConnect: A convenient, affordable, and trusted solution designed to make FinCEN filing stress-free.
DIY (Government): A manual and frustrating experience with no help or guidance.
Attorney/Tax Preparer: While reliable, this option is expensive and still requires some manual effort.
Why FinCENConnect Is the Clear Winner
Filing your FinCEN report doesn’t have to be expensive, time-consuming, or complicated. With FinCENConnect, you can enjoy a fast, user-friendly experience with the added benefits of professional support and built-in reminders—all at a fraction of the cost of hiring a tax preparer or attorney. Take the stress out of FinCEN filing and choose the platform that puts you in control.
Ready to get started? Sign up with FinCENConnect today!