Multi-Family Will be Fined $500 per day for failure to file

[Janet Behm]

The U.S. Government is nailing real estate investors to the wall in a bold move to control financial crimes.

BOI is yet another Federal program, “Beneficial Ownership Information”.

The BOI program, a key tool in the fight against financial crimes, requires every business to document their 'Beneficial Owners '. This is a crucial step in identifying and cracking down on criminal elements.

You probably need to report if you are a corporation, LLC, or HOA.

For more information:

US Treasury dept, “Financial Crimes Enforcement Network”

Disclosure: Janet I. Behm, Enrolled Agent, is licensed by the US Treasury Dept.