Extensions can take care of filing deadlines.
BOI has no extension date schedule. And anytime a 'ew system is available to be used, most likely it's not programmed properly to work properly so the kinks need to be worked out.
BOI requires disclosure of financial interest information that is already required in some form on IRS filings (K-1 information, for example) , state tax filings, sales tax registration filings - so this is nothing new.
It's duplication of information that is already available to government via exchange of information that they use to their advantage WHEN THEY WANT TO.
FinCEN is also advising business owners whose accountants are advised to stay away from this for "practicing law without a license" to seek advice from the very parties that it expects to share this informatdion with - so it creates a conflict of interest in the parties preparing the documents as well as participating in its enforcement.
BOI has no extension date schedule. And anytime a 'ew system is available to be used, most likely it's not programmed properly to work properly so the kinks need to be worked out.
BOI requires disclosure of financial interest information that is already required in some form on IRS filings (K-1 information, for example) , state tax filings, sales tax registration filings - so this is nothing new.
It's duplication of information that is already available to government via exchange of information that they use to their advantage WHEN THEY WANT TO.
FinCEN is also advising business owners whose accountants are advised to stay away from this for "practicing law without a license" to seek advice from the very parties that it expects to share this informatdion with - so it creates a conflict of interest in the parties preparing the documents as well as participating in its enforcement.
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