Small Business Owners - HOT - BOI Beneficial Ownership Information

[Chaparral]

https://www.aicpa-cima.com/resources/landing/beneficial-ownership-information-boi-reporting


Just another “present” from our current administration. The Federal appeal was granted and The Financial Crimes Enforcement Network (FinCEN) can now enforce reporting.

If you have some form of incorporation please research, get with your bookkeeper/CPA, and act accordingly! The timeline is very short.


We can only hope this, in many’s opinion, unconstitutional intrusion will go away but the court is compelling us to act at this time. No idea if a higher court will reinstate the original injunction.

 

[TwoShoots]

Son of a..... This is all businesses btw, not just corporations. All small businesses are back on the chopping block.



Heres the updated timeline.



Companies created before Jan. 1, 2024, have until Jan. 13, 2025, to file.

Companies created between Sept. 4, 2024, and Dec. 23, 2024, have until Jan. 13, 2025, to file.

Companies created between Dec. 3, 2024, and Dec. 23, 2024, have an additional 21 days from their original deadline.

Companies created on or after Jan. 1, 2025, have 30 days to file after receiving notice.

 

[Catt57]

Can someone explain what this is? I tried googling but didn't find an explanation of the impact of this rule.

 

[TwoShoots]

Can someone explain what this is? I tried googling but didn't find an explanation of the impact of this rule.

FinCEN.gov

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www.fincen.gov

 

[Waltercat]

I was surprised this never was an upfront issue during the election this year. They deep state is after the
middle class and small business. The main stay of America.

 

[TwoShoots]

I was surprised this never was an upfront issue during the election this year. They deep state is after the
middle class and small business. The main stay of America.

It was in the business conversations with his advisors. They talked about killing it on day 1 several times.
Hopefully that's still the plan, but since this starts on Jan 13th instead of Jan 20th, day 1 will not be fast enough.

Millions are waiting anyway, hoping they won't get fined after it's reversed. And then you have the people that don't do anything but file once and never follow business news again. Those guys are all about to lose their businesses, sadly.

 

[Chaparral]

Allegedly to track money laundering. The rub is the fed has not charged the people in the public eye who have openly been cheating the system. This has the appearance of a police state and a direct violation of the fourth amendment. Possibly the fifth.

 

[TwoShoots]

More likely to track where "targets" are getting their money. For instance, the guys doing undercover work exposing deep state or unPlanned Parenthood.