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Personal Finance and Investing

Beartracks

(13,840 posts)

4. I have no idea, and I'm sure you already googled for "boi." But I found FinCEN's website.

Reply to Marthe48 (Original post)

Sat Nov 23, 2024, 03:09 PM

Nov 2024

https://fincen.gov/boi

On their FAQ page https://fincen.gov/boi-faqs, questions C.1 and C.6 offer some good info. It doesn't sound like every LLC or sole prop necessarily needs to report.

Their home page, by the way, notes an alert that there have been fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements -- so I hope your mall manager didn't just get some random letter and pass it along assuming it was true.

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Marthe48

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Highlight:

The manager of the vintage mall just sent email that LLCs need to submit a BOI [View all] Marthe48 Nov 2024 OP

If you aren't an LLC then you shouldn't need one FBaggins Nov 2024 #1

I talked to another vendor awhile back Marthe48 Nov 2024 #6

Required report to the fed dept of treasury IbogaProject Nov 2024 #2

I think you are confusing ss with the irs.... getagrip_already Nov 2024 #3

After my husband passed away Marthe48 Nov 2024 #8

Just fyi, you always need to file a return.... getagrip_already Nov 2024 #12

I have no idea, and I'm sure you already googled for "boi." But I found FinCEN's website. Beartracks Nov 2024 #4

Yeah, I learned about this the Friday before the election Mike 03 Nov 2024 #5

Thanks for explaining it so well Marthe48 Nov 2024 #7

Maybe your booth is governed by less Mike 03 Nov 2024 #9

I thought the wording in fincen seemed reassuring Marthe48 Nov 2024 #10

One last thing that might set peoples minds at ease: Mike 03 Nov 2024 #11