Sooooo, I filed for a new lllc and obviously kept a copy but I do not remember getting an email confirming receipt of the report. So this appears to be great news but I have another lllc that was in existence at the beginning of the year so I am prepping to prepare this BOI for this llc. SOOOO glad I get a pass for this and some grace for the one I filed and did not get a confirm for.

Equal protection against improper searches and seizures protects businesses but not actual humans in the US? Got it.

It's crazy to me that people are tripping about having to fill out a 5-minute form that validates who owns and can draw profits from a business. Don't y'all want to stop fraud and scams?! Yes, when you file for a business in a state, the state does collect similar information the BOI is asking for, but it's hard to identify potential fraud at a national level when there isn't a common national database. Plus, States aren't often resourced enough to detect this fraud and scams.This is the problem the corporate transparency act is trying to solve.

2:58 this would’ve blown up in the government’s face so badly that congressman, mayors, politicians and governors would have lost their offices. This is why looking at history it’s so important to see how government sets up tyrannical systems that when the people challenge them they always back down . This is the reason why all businesses are corrupt and training a law to root out corruption only makes criminals of everyone, and this would’ve literally made small business owners into criminals So people might want to have to think those MAGA leaning don’t mess with me, Texans for working tirelessly to figure out a way to attack this government overreach.

The BOI is charging a fee to complete this form. It was free to complete the form online until a couple of weeks ago or was that a scam.🤷‍♀️

You're great, thank you!

It’s a shame that you get penalized for earning more money. That’s not including the hidden taxes that we’ll pay on things.

Yes do away with IRS taxes.

So you're telling us it's ok to not file???

how will we know the final outcome about this matter? I agree the Fed Govt should not be so invasive, however, if the court ends up going with the FENCIN and the boi becomes required again, how will we know - where do we watch.... government overreach once again!

Good info but wow so many people asking a stranger on KZbin questions that you really need to be asking your CPA.

Should you also be tracking your time for material participation purposes?

Been patiently waiting to find this info!

BOI is unconstitutional. Did they ever heard the phrase mind your business?

These people make it terrifying to go into business.

If you’re not doing anything wrong I don’t see what the big deal is about filing this report.

Your calculation of the SE tax for the LLC is incorrect. The SE tax for an LLC is calculated on the net business income prior to deducting the standard deduction and QB I deduction. The correct amount of SE tax for the LLC is $15,300, not $10,704.

I filed. What does that mean for me?

That BOI mandate was asking for too much private information. I did submit mine and I'm nervous about where that info is going. I honestly want to cancel my llcs and create new ones. I don't know if that's helpful

It is Not for Free....$189

Are you guys joking or is it really that hard to see the obvious? Why is EVERYBODY so blind!!!!??? There are NO crypto laws!!! Nothing about Crypto has been codified into the USC. Therefore! I the Eyes of the IRS, cryptos do not exist. Can you get a speeding ticket in Germany on Autobahn where there is no speed limit? (If anything, going too slow in the left lane like selfish f....s do in the USA.) The same thing with the cryptos. You can actually sue IRS for civil rights violation based on TITLE 18, U.S.C., SECTION 242 Ask Crypto Hulk...... He breaks it down easy to understand even for a 3rd grader.

Im not sure if this guy just doesn't know what he's talking about or is just willingly being dishonest for click bait.

What !!!!!! Texas is on the money !!! This is insane!!! Talk about Overreach!!!!

People please learn the truth........w2 w4 1099 are all tax class 5......gift to the state, plus it's all voluntary. File a W8-Ben no more taxes. Besides taxes are for government officials an those in offices an those who say they are a U.S. citizen, if you are an American national or a non resident alien. I haven't paid in 5 years, I enjoy my whole pay check every week. Wanna learn more, leave me a message

Truly bad advice. You don't need to separate your LLC from your personal taxes unless your business PROFITS are more than $70k, you just file it jointly with your personal taxes and take a bunch of deductions to minimize your gross adjusted income and AVOID (not evade) taxes as much as possible. This is the whole point of having an LLC to reduce your taxes. If you are making more than that you should be filing as an S-Corp and doing self-funded IRA / solo 401k contributions to minimize taxes up to like the $250k income level.

I can't thank you enough for your channel and this pivotal information! I thought this was an egregious overreach! Nothing about this sounded good at all for small businesses especially. Thank you for this brief sigh of relief. I guess we'll see what happens next! THANK YOU MR. KD!

Ummmm one inaccurate thing here. U cannot get a business credit card with a new business. Have to have 2yrs of tax returns

Excellent content and well-presented!

How do these tax rules apply when you buy your crypto not in one single shot, but over a period of time? Say I purchased bitcoin in little bits over a 2 year period, and then decide to sell a percentage of it? When does the 1yr calculation begin for the short term vs long term tax rule decision?

We need these taxes cuts i live in the 51st district in PA one of the poorest districts and they just voted to raise our taxes by nearly 35% and most people i know live paycheck to paycheck 😢😢

Taxleverage wya girl

Taxes are a scam that we have yet to fight against

I filed. Now what?

Thank you for the informational break down if the upcoming changes! The only thing you said that I don't agree with was your comment about keeping things fair. If it was actually doing it's job then you would actually be able to live on a part time job as a single person living in a modest apartment. There are beautiful breakdowns of how in the 60s-80s we were able to actually have housing that didn't cost 50 percent of our income. And I'm not saying that it's all the IRS/tax fault, but I will say that the IRS shouldn't even exist. However if the IRS was doing their job, the ratios of what percentage of our income gets us shouldn't have changed so much.

Atlest its less then the last few years!

How the hell is one to know about this. They need to mail out notices. I heard about this on Facebook for crying out loud. No big deal, just let business owners know via the mail.

They are trying to get there last one before it’s to late that’s why I’m waiting to turn mine in once trump gets i to office

@KarltonDennis did you file yours?

The Federal Reserve along with Federal income tax needs to go, the Federal Reserve was gone and brought back because the rich couldn't control the money without and would be powerless

I'm so Glad I DID NOT DO THIS!

Those penalties are extremely excessive. Glad it was blocked

Is there any where I can call or confirm? With my local state government. I still have a couple of days left. Before New Year's. But if I really don't have to do it. Then, like you said, I don't want to put more of my information out there

Do I need two separate limited liability companies? One for a taxi cab business and the other for a pre-arranged limousine service? I need specific insurance for the limousine service, and specialized insurance for the taxi service, correct?

Great content as always! Thanks

The problem with this is I only Trucking business so that means that the vehicle needs to be part of the commercial policy. That is a problem. This is not going to work for me.

TRUMP LOVERS THEY'RE GOING TO LOVE TO HERE THIS

Very vulnerable, thank u

Very nice

Much loveee brotherrr I enjoyed the video.

This was very helpful! Thank you!