BOI FinCEN

has anyone with an LLC or corp reported beneficial ownership info? due jan 13, '25

 

I have been told it takes less than 10 minutes to file to avoid a $500/Day fine.

 

if you file your tax return, it is already in there.

 

What would that be?

 

the ownership of an entity.

 

https://fincen.gov/boi

 

then why is there new reporting for ownership?

 

That does not cover the requirement.

 

not many investors dealt with fincen, like never. the broker already has your kyc, at best irs will ask you to do something, which is already on your entity tax return.

 

This is a new law that is being litigated. It is a $500/Day fine if you do not file and the law is not changed.