BOI: A Quick and Easy Overview on New Federal Reporting for Small Business 2024

Larry Gray, CPA explains the BASICS of what's known as BIO or Beneficial Ownership Information. BIO is issued by the Financial Crimes Enforcement Network (FinCEN). According to BIO, qualifying small businesses are required, beginning January 1, 2024, to report certain company and individual information to FinCEN.
Timestamp:
00:00 Introduction
00:27 Why do I have to report BOI?
01:08 What companies have to report BOI?
02:43 Company or Individual have to report BOI?
03:28 BOI FINES and Jail time?
04:12 When do I have to report BOI?
05:27 6 BOI Questions Explained coming soon.
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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.

[@ShadowbannedMedia]

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[@misssands3764]

It's UNCONSTITUTIONAL