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BOI Reporting - Government Overreach?

In this video, I lightly cover the BOI report that is now required to be filed by businesses. This is the Beneficial Ownership Information report. This report is now required as of January 1, 2024 due to provisions in the Corporate Transparency Act passed a few years ago. This is a very light coverage and there are a lot more details to digest from the FinCEN website. BOI FAQ: https://www.fincen.gov/boi-faqs#K_1 Exemptions (starting on page 4): https://www.fincen.gov/sites/default/... Filing the BOI: https://www.fincen.gov/boi Check out our other videos related to personal finances and tax, as well as business finances and tax. If you want more live Q&As or one on one chats to get specific questions answered, check out our Patreon page:   / nguyencpas   Our Website: www.nguyencpas.com Join our Facebook group for more active updates:   / nguyencpalounge   Our online course for navigating the pandemic: https://courses.nguyencpas.com/course... Budgeting Playlist:    • Budgeting   Winning in Business Playlist:    • Winning in Business   Tax Playlist:    • Tax   PPP Playlist:    • PPP Information   EIDL Playlist:    • EIDL Information   COVID-19 Playlist:    • COVID-19   This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.