different reasons. The BOI is to combat money laundering supposedly. The IRS is for taxes. merwyn doesn’t know what he’s talking about.
you chicken little US appeals court halts enforcement of anti-money laundering law https://www.reuters.com/legal/us-ap...rcement-anti-money-laundering-law-2024-12-27/
So you agree with what I said. And what does chicken little have to do with anything? Are you getting senile?
your statement is factually correct but you ever need to deal with fincen before? op’s question and this law is irrelevant for anyone posting here.
I'll wait until the deadline in hopes of some extension. It's a fillable pdf that requires uploading a photo ID. Should takes minutes to fill out. I have a registered agent that offers to do it for $150
The new law affects a lot of prople. I have to file for 10 entities and there are many others who have to file for more edit. I have 11. My holding co for my car collection.
yeah, i did it. i have an s-corp with zero revenue since I used to be a contractor but i still keep the s-corp alive in case I need it. Saw a couple of YouTube videos on completing the online form. No big deal. No way I pay anyone money to do it.
i have 2, one c corp for all holdings including stock portfolio, futures trading and with few single member llc, the holding corp acts as sole owner, then a llc with my wife. i just ignore this unless my accountant to tell me. banks and brokers have the information, irs has the information, it is not my problem if they can’t trace the money. and importantly, disregarded entities don’t count.
You say it doesn’t matter because irs has info. Then you post an article saying that I’m right (but still say I’m wrong). Your accountants haven’t talked to you want this? llc’s are required. C corps definitely are unless you meet certain qualifications (namely you are considered big).