Re: Are you guys aware of this ticking time bomb?

On 2024-10-19 3:54 p.m., Sergey Kubushyn wrote:

https://fincen.gov/boi
 That is what our democRATic friends prepared for us...
 I learned about it totally by accident. Would've become a criminal if I
didn't like about 90% of all LLCs and small businesses who did NOT submit
their reports as of right now. The deadline is January 1st 2025 and then all
those who didn't submit their reports are subject to $591 fine PER DAY and
even possible jail time.
 The language is EXTREMELY vague, everybody can report on everybody, one
doesn't even have to have any stock or ownership, just "have influence" to
be a subject of reporting.
 The cherry on the cake is that most people are not even aware they have to
submit such reports...
 

You really must hate living in the US don't you?
Assuming you live in the USA and aren't a Russian or Iranian troll.
I'm Canadian and I have to fill out US forms to do business there such as:
IRS regulations require non-US taxpayers to provide Form W-8BEN to Amazon in order to be exempt from US tax reporting requirements. An IRS Form W-8BEN expires on December 31 following three years after a selling partner provides it to Amazon. When prompted, foreign selling partners are required to retake the tax interview to submit a new form.
So, get a life, find a real problem and deal with it.
How about this - US residents who wish to import products valued over around $2000USD MUST provide their Social Security Number to their customs clearance provider under US law that was enacted in the early 90s - Republicans in power at that time, eh?
John