Fri, 27 Dec 2024 07:50:40 -0800 marlon from private IP, post #17387611 /all Beneficial Ownership Information Report (BOIR) & Corporate Transparency Act (CTA) https://boiefiling.fincen.gov/ Anyone know about it? looks like i need to start filing annual reports for anyone w/ a business entity. Fri, 27 Dec 2024 09:25:38 -0800 whiteguyinchina from private IP Reply #10816763 I saw that but is it required for everyone or just required for someone actually owned by someone else Fri, 27 Dec 2024 14:35:25 -0800 marlon from private IP Reply #17520357 a business entity needs to file. many CPAs want the lawyers to do it, but today a client asked me about it. She has an EIN for a business entity, so it may be treated as having an LLC even if she never set up an entity. We should play it safe & file, as the penalties for not filing are very high. Just needed copy of her passport, as she is Fri, 27 Dec 2024 16:22:58 -0800 marlon from private IP Reply #15195920 https://www.investopedia.com/corporate-transparency-act-8413903 Sat, 28 Dec 2024 05:11:04 -0800 whiteguyinchina from private IP Reply #18625263 Got it Tue, 31 Dec 2024 08:25:48 -0800 whiteguyinchina from private IP Reply #14622230 BOI e-Filing Alert: Please note that beneficial ownership information reporting requirements have been affected by a recent federal court order. The Department of the Treasury is appealing that order. In the meantime, reporting companies are not currently required to file a BOIR and are not subject to liability if they fail to do so while the applicable order remains in force. However, reporting companies may still opt to file a BOIR. Tue, 31 Dec 2024 10:01:14 -0800 marlon from private IP Reply #12074843 My client lives overseas in Malaysia, & she emailed me asking about the BOI. She has a rental property in Detroit, & an EIN but no LLC set up. Been eight years filing a form 1040NR & a sch.E. Reply was yes I'm just gonna do it but i do need a passport as u need to upload it to the BOI site, as she is not a US citizen, but she has an ITIN.Yes half an hour to do it, just not sure if it was required for that client, had to upload copy of passport. Tue, 31 Dec 2024 19:16:15 -0800 whiteguyinchina from private IP Reply #11507450 I will just wait on it i guess Mon, 06 Jan 2025 12:58:03 -0800 smollaw from private IP Reply #14227383 get all the information ready just in case. 5th circuit hearing on march 25, 2025. https://www.fisherphillips.com/en/news-insights/corporate-transparency-act-again-blocked-nationwide-all-filing-deadlines-again-suspended-december-26-2024.html Mon, 06 Jan 2025 18:17:35 -0800 whiteguyinchina from private IP Reply #10696945 I am kind of curious who is blocking this with all of the appeals etc Must be some money behind it to stop such legislation Wed, 08 Jan 2025 14:12:04 -0800 whiteguyinchina from private IP Reply #16202830 Was told to file this by my accountant Wed, 08 Jan 2025 17:05:41 -0800 marlon from private IP Reply #18345754 its easy & free, u do it onlineReplies require login.
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