Letter to the editor

Dear Editor:

Some of your readers may not know that if you own a corporation, LLC, partnership, or other entity registered with the Secretary of State, you are required to file a Beneficial Ownership Information Requirement (BOIR) report with the IRS, ostensibly to prevent money laundering or other financial crimes: The report must be filed online by January 1, 2025. Penalties for late filing begin at $500 per day. Go to http://www.fincen.gov/boi for more information.

Kathie Marks, Ekalaka