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Off Topic Off Topic - General non-Corvette related discussion. |
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03-11-2024, 3:04pm | #1 | ||||||
Barn Stall Owner #89
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Friggin' BOI from the .gov.....FML....WWVBOT do?
I learned this past month that I have to file a BOI (Beneficial Ownership Information) on any LLC or Trust that I own.
I own 1 of each, so I have to get on ANOTHER .gov list. I've already filed for both on line. Done deal. Here's my question.....I own a second trust that I have for my Suppressors. I'm wondering if I gotta get another BOI and add that as well. Reason for the BOI in the first place is for the .gov to track / staunch any cash flow from ill gotten gains. There is NO $$$ going in/out of the Suppressor Trust. Any words of wisdom, as well as a few choice words for our .gov is appreciated. |
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03-11-2024, 3:07pm | #2 | ||||||
Barn Stall Owner #421
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Barbeque don't need no stinkin' BOI.
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03-11-2024, 3:22pm | #3 | ||||||
Chief Electrician
Barn Stall Owner #7734 Bantayan Kids '15
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Fkm. Plead ignorance...we'll vouch for you.
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03-11-2024, 3:24pm | #4 | ||||||
Barn Stall Owner #55
Island14 Cardio Team
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03-11-2024, 3:27pm | #5 | ||||||
Barn Stall Owner #55
Island14 Cardio Team
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What are the penalties? Was the notice given via a verfiable means? They tied to hit me up for penalties this year on taxes because I'm still figuring out proper withholding. Last year I was using most non-taxable assets, but in '23 I pulled from taxable 401k accounts.
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03-11-2024, 4:01pm | #6 | |||||||
Barn Stall Owner #89
Bantayan Kids '13
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Location: Marietta, GA
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Quote:
Possible 2 years in Jail. If your Trusts/LLC are over a few years old, you have 1 year to comply. More recent than that, it gets down to 30 days fast. |
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03-11-2024, 4:03pm | #7 | ||||||
Barn Stall Owner #89
Bantayan Kids '13
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Location: Marietta, GA
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03-11-2024, 4:07pm | #8 | |||||||
Barn Stall Owner #55
Island14 Cardio Team
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Quote:
I literally just set up e-payments for CO DoR Quarterlies because you reminded me. |
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03-11-2024, 5:03pm | #9 | ||||||
A Real Barner
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Having a biz is a PITA vis a vis the government - I had to file a 5500 form with the Dept of Labor yearly to track my self funded pension account in my one person enterprise.
Presumably so I didn't cheat myself out of retirement funds ?!?!?!? |
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03-11-2024, 5:47pm | #10 | ||||||
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03-11-2024, 7:47pm | #11 | ||||||
Barn Stall Owner #89
Bantayan Kids '13
Join Date: Jan 2011
Location: Marietta, GA
Posts: 28,460
Thanks: 15,350
Thanked 6,772 Times in 3,418 Posts
Gameroom Barn Bucks: $536709986
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03-11-2024, 7:47pm | #12 | ||||||
Barn Stall Owner #89
Bantayan Kids '13
Join Date: Jan 2011
Location: Marietta, GA
Posts: 28,460
Thanks: 15,350
Thanked 6,772 Times in 3,418 Posts
Gameroom Barn Bucks: $536709986
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F uckin' .gov......
Dammit to hell..... |
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03-11-2024, 7:54pm | #13 | ||||||
Barn Stall Owner #6969
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I wasn't even there that day. I call bullshit!!!
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03-11-2024, 9:26pm | #14 | ||||||
Barn Stall Owner #118
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My real smart wife has weekly issues that amount to "hey, watch this! Some of our finances are completely separate and her problem, not mine. This is year 2 now of getting her inheritance under control.
Some how she took out $7k from an already pre-taxed account. Possible Roth and put it in another account and is now counted as income and must pay taxes on it and may cause her Medicare to increase again. I told her "you deal with it." She had a tax appt today, Guess we'll see how this turns out |
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