re: So I got this email from my CPA today.....

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I won’t provide it and will toss the form.

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What industry are you in?

Just a lowly employee. But if I were someone who was sent this form and it is a new procedure, into the trash it goes. They have the info already via tax forms.

On another note, I've noticed there is a demographic overlap in people who think they're fighting tyranny by complaining about this and people who think China is buying our country...and a major reason this reg was put into place specifically to identify foreign interests/ who are doing things like buying property hidden in American LLCs, due to concerns over money laundering and national security interests.

I also read an article on the ruling referenced earlier, and the reasoning is very shaky.

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In addressing Congress’ authority under the Commerce Clause, the Court acknowledged that Congress could issue legislation regulating commercial intermediaries, such as banks, and cited to Supreme Court precedent upholding aspects of the BSA. However, the Court found that the CTA was unlike the BSA’s regulation of financial institutions as those institutions move funds in foreign and interstate commerce. The Court rejected the government’s argument that state-registered entities would almost certainly engage in interstate commerce, finding that the act of incorporation of an entity under state law, without more, was insufficient to implicate the Commerce Clause. In so ruling, the Court expressed a narrow view of the question presented: “‘Does Congress have authority under the Commerce Clause to regulate non-commercial, intrastate activity when ‘certain entities, which have availed themselves of States’ incorporation laws, use the channels of commerce, and their anonymous operations substantially affect interstate and foreign commerce?’” The Court concluded Congress does not.

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While I would like our ICC interpretation to move towards being more limited like this ruling, the current ICC jurisprudence does not agree with the reasoning.

Autism is a crippling condition

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Do those members not file taxes?

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you don't have to list LLC membership interest on your tax return. the people who i've spoken with who are most concerned are those using LLC as asset holding vehicles.

it's also common in my industry for people to try and hide the identity of entity owners for various reasons. the last i checked into it (several months ago), the regs on who can access the fincen info were pretty vague.

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For a civil judgment, this should be disclosed in a judgment debtor rule once the judgment is rendered.

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not talking about the kind of people getting called to judgment debtor exams

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Just a lowly employee.

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Well that’s not surprising lol

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There are about 10,000 more important things to fight in politics/government than filling out a simple form to provide information the government already has.

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It's a weird hill to die on, for sure.