Thanks for the update, Matt! 🤬Why are they punishing the entrepreneurs to find a few bad actors!! The penalties are ridiculous, its almost as if they want to squelch out the little guys from doing business!
I believe the whole "money laundering" argument that the DOJ makes for FinCen is malarky. The government is more concerned with creating a way to track assets for IRS enforcement & collection reasons.
Do nothing but pay attention to the court rulings and results of appeals. Dont file BOI. its unconstitutional. Until the courts say otherwise there is no need or benifit to filing BOI. 😊
Why is this an emergency for the government? Seriously, I file my taxes for an SCorp which has my name on it and personal taxes which also has my name on it. What's left for the government to figure out who owns the business? My guess is they want to ensure they are not missing and tax revenue with "secret" entities. Track every dollar from cradle to grave! Unbelievable!
It’s getting a bit too late at this point to mandate a filing by Jan 1. 4 days to file, and over the holiday, is ridiculous. It’s also ridiculous that HOA Board members need to file.
They're chasing ghost's. A couple of years ago, they were chasing chasing trucking companies for allegedly using untaxed diesel fuel. They did roadside inspections looking for red dye in the fuel. It was an absolute joke, and so is this. Go chase the crypto bros driving Lamborghini's.
I’m Not wasting any more time on this boi crap. Paid two business managers to file the crap for both my shit llc’s that make no money and I am done with this nonsense. I was really stressing over this ‘going to jail’ if you don’t file shit !
the court is correct. LLC filing is intrastate commerce. There is no justification for it. It's a 10th amendment issue. The penalties also violate the 8th amendment as they are BEYOND draconian for no reason at all.
I have an llc I set up years ago with idea I would make money online... have never gotten it up and running... no incoming money... do not think I would need yo file as would think k it is considered inactive... and would not want to file if law will be dropped...
There is an exception for inactive businesses. Look up the details as what is considered inactive. Your LLC likely is exempt. I have several inactive LLCs that meet the exemption.
Mr. Sorensen, could you please comment if the CTA was still part of the newly revised budget bill (section 122), with a mandated extension in deadline dates?
Can we ask for destruction of submitted info....or rescinding of info.... *IF* .....this ever gets truly and FINALLY deemed unconstitutional?...whenever THAT occurs ????
Hi Mat I am a board member of an HOA was told that we have to pay a $400 fee to a legal firm to file, I am not filing right now due to the current status, but in the event this passes why can't I just submit the information directly on the website? TIA
You can file yourself, you dont need to pay anyone to get this done if you wish to do so. There are good vids on youtube and other sites explaining how to file your boi.
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
If it's allowed to remain in place, it would require filing annually, just like yearly taxes. So it's in everyone's interest to write to Congress on why this whole thing was such a bad idea to begin with. I've heard CPAs argue we had years to debate it, but so many business owners are still unaware of this thing.
It's blatantly unconstitutional. The 10th amendment states that any power not granted to the federal government shall be directed to the states. If all entities file with their Secretary of State and the Secretary of State is a state power, than that violates the 10th amendment.
You have too many technical letters that are way above my comprehension level. What you are saying is way over my head. Hope they turn this down. Wasn't aware of this til a day ago.
Thanks for the update, Matt! 🤬Why are they punishing the entrepreneurs to find a few bad actors!! The penalties are ridiculous, its almost as if they want to squelch out the little guys from doing business!
Big brother always wants to watch. Tyrants.
Crushing small business to satisfy their corporate donor's wishes 🤬
I believe the whole "money laundering" argument that the DOJ makes for FinCen is malarky. The government is more concerned with creating a way to track assets for IRS enforcement & collection reasons.
Exactly, it's a money grab. Registration leads to Confiscation.
Exactly!
The Money Laundering machine aka the Democrats and the feds
Actually what needs to happen is criminal charges against the individuals in government who are violating the constitution.
I'm not filling until the final decision
Same
Same.
Same
No fine. Hold the line
You have no idea how much you are appreciated! Thank you!
Do nothing but pay attention to the court rulings and results of appeals. Dont file BOI. its unconstitutional. Until the courts say otherwise there is no need or benifit to filing BOI. 😊
Exactly. Government has broken trust with the people, so I am sure the list they are making will be used unlawfully.
Why is this an emergency for the government?
Seriously, I file my taxes for an SCorp which has my name on it and personal taxes which also has my name on it.
What's left for the government to figure out who owns the business?
My guess is they want to ensure they are not missing and tax revenue with "secret" entities.
Track every dollar from cradle to grave! Unbelievable!
This Texas girl will wait ! Thank you for keeping us updated!
It’s getting a bit too late at this point to mandate a filing by Jan 1. 4 days to file, and over the holiday, is ridiculous. It’s also ridiculous that HOA Board members need to file.
Thank you so much for helping us to know, I'm not filing,
Thank you Matt! Great update!
God bless that Texas federal court!!! Merry Christmas!
Nobody should file, let them put us all in jail.
Might as well. I already went to jail to protest a stupid speeding ticket 😅
The end of "OWNING NOTHING & CONTROLING EVERYTHING"
Everyone should simply refuse to comply if the appeal is upheld
TEXAS said HELL NO WE AINT DOING IT 😂😂😂😂
👍 Thx, Mat - the single best executive summary out there: with all relevant specifics!
They're chasing ghost's. A couple of years ago, they were chasing chasing trucking companies for allegedly using untaxed diesel fuel. They did roadside inspections looking for red dye in the fuel. It was an absolute joke, and so is this. Go chase the crypto bros driving Lamborghini's.
They go after the regular people because they don't have the financial resources, power or connections to fight them.
This is going to be a crazy ride! The legal back and forth could drag on for ages, and the January 1st deadline is looming.
Never comply with Tyranny ⚠️🤬
This was bullshit from the start. Big Brother up your butt.
I’m Not wasting any more time on this boi crap. Paid two business managers to file the crap for both my shit llc’s that make no money and I am done with this nonsense. I was really stressing over this ‘going to jail’ if you don’t file shit !
You are leaving out sole props with dbas only (no llc, or corp) that the website says do not have to file.
Thank you. Super helpful video. I definitely won't file for now.
the court is correct. LLC filing is intrastate commerce. There is no justification for it. It's a 10th amendment issue. The penalties also violate the 8th amendment as they are BEYOND draconian for no reason at all.
I have an llc I set up years ago with idea I would make money online... have never gotten it up and running... no incoming money... do not think I would need yo file as would think k it is considered inactive... and would not want to file if law will be dropped...
There is an exception for inactive businesses. Look up the details as what is considered inactive. Your LLC likely is exempt. I have several inactive LLCs that meet the exemption.
Pole should we file?
No or hell no? What say you Dougle county?
Do the people have a say in this?
Remember, the government and judiciary can move quickly if it comes to stealing your money
Get ready for a data breach.
Thanks for the information
Mr. Sorensen, could you please comment if the CTA was still part of the newly revised budget bill (section 122), with a mandated extension in deadline dates?
Can we ask for destruction of submitted info....or rescinding of info.... *IF* .....this ever gets truly and FINALLY deemed unconstitutional?...whenever THAT occurs ????
Hi Mat I am a board member of an HOA was told that we have to pay a $400 fee to a legal firm to file, I am not filing right now due to the current status, but in the event this passes why can't I just submit the information directly on the website? TIA
You can file yourself, you dont need to pay anyone to get this done if you wish to do so. There are good vids on youtube and other sites explaining how to file your boi.
Yeah hard to say, REMEMBER this was a bipartisanship thing both parties supported and might very well be supported or allowed to remain.
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
This is something that is only done once, right? I don't have to file every year?
If it's allowed to remain in place, it would require filing annually, just like yearly taxes. So it's in everyone's interest to write to Congress on why this whole thing was such a bad idea to begin with. I've heard CPAs argue we had years to debate it, but so many business owners are still unaware of this thing.
Good explanation.
I will dissolve my LLC if this becomes law and retire.
How many people got notices about this in the mail when this came out......NOBODY!
There really shouldn't be so much drama involving the treasury. We went through the same thing with Obamacare's "is it a tax or is it not a tax"
Obama care is not a tax your just paying it in order for it to function.
Would this be a situation where "If you haven't done anything wrong, then why are you not answering questions"? HAHAHA!!!
It's blatantly unconstitutional. The 10th amendment states that any power not granted to the federal government shall be directed to the states. If all entities file with their Secretary of State and the Secretary of State is a state power, than that violates the 10th amendment.
What is being done with this filing information? This is 100% a violation of our rights. There is too much overreach these days.
Trump will axe it
You have too many technical letters that are way above my comprehension level. What you are saying is way over my head. Hope they turn this down. Wasn't aware of this til a day ago.
They will take everything and you will own nothing. Privacy is extinct. Sad
Fincen is on some Bs
Boooooo.
The less "they know" the better it is for us.