Cohousing-L Mailing List: Re: FinCen, BOI filing

[Milly Brown (mildredmbrown]

Tom, this answer below makes the most sense to me ( ie one member only). We
could do four members, if preferable.

This law is not designed to catch hoa’s. If Treasury is unhappy with us
this truncated method, they will ask us to change it, not put us into jail.

Realistically, though, no one is going to look at our filing, much less
examine it and declare it out of order.

And some time relatively soon, although perhaps dependent on the events
about to transpire, hoa’s will be exempted from full compliance
requirements. It just hasn’t happened yet.

IRS and the current government WANT us to have solar credits.

My 4 cents.

Ps note that writer below had two phone conversations with FinCEN

On Sat, Nov 2, 2024 at 4:58 PM NANCY MOREHOUSE via Cohousing-L <
cohousing-l [at] cohousing.org> wrote:

> After two phone conversations with finCEN, our finance team decided to
> send one name in to the feds. That has been done.
> Nancy Morehouse
> Wolf Creek Lodge
> Grass Valley, California
> Sent from my iPhone
>
> > On Nov 1, 2024, at 7:31 AM, John Richmond <johnrichmond50 [at] hotmail.com>
> wrote:
> >
> > Hello everyone! This is a topic we've begun talking about in our admin
> committee, and others outside the committee are thinking it about also.
> There was a short discussion in September about this. What are other folks
> around the country doing with the Beneficial Ownership Info requirement
> from the Dept of Treasury?
> >
> > https://boiefiling.fincen.gov/help
> > https://boiefiling.fincen.gov/fileboir
> >
> > Thank you
> >
> > John Richmond
> > Richmond Cohousing VA
> > The name is real; the place really is not named after me
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