Financial Reporting

[somarco]

Insurance agents & agencies were exempt

Thanks. My CPA apparently muffed this one.

 

[axeman462]

Insurance agents & agencies were exempt anyway under exemption #13 as long as entity license with state & physical location in US.

interesting. does a home office qualify as a physical location? My CPA keeps nagging me to file...He must really want that $150

 

[scagnt83]

interesting. does a home office qualify as a physical location? My CPA keeps nagging me to file...He must really want that $150

It seems so.

They call it a "operating presence at a physical office in the US".

IRS considers a home office a physical presence. So do most municipalities.

PDF Page 15: https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide.v1.1-FINAL.pdf

 

[Allen Trent]

Thanks. My CPA apparently muffed this one.

Well, I ironically slept at a Holiday Inn the night before. Maybe your CPA didnt.

 

[somarco]

I ironically slept at a Holiday Inn the night before. Maybe your CPA didnt.

How does one sleep ironically?

Perhaps you were making too much racket, preventing him from sleeping.

 

[Allen Trent]

How does one sleep ironically?

Perhaps you were making too much racket, preventing him from sleeping.

mostly in an odd amusing contrasting way

 

[somarco]

mostly in an odd amusing contrasting way

Does your spouse find that amusing or just weird?

 

[Allen Trent]

Does your spouse find that amusing or just weird?

Ironically, she/they find it super sexy

 

[walthamny]

This was another waste of time for Supreme Court. Let politicians pass silly regulations and get your country highest court to fix it.

 

[axeman462]

BOI financial reporting is officially over. Hopefully nobody actually filed