fireoverwind.bsky.social
7 posts
24 followers
156 following
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But it shouldn’t be all of them. There is no reason for an HOA with $5,000 in annual income to need to report this information to FINCEN.
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Unfortunately that’s not true. Every HOA had to have their board members submit this info. Basically any organization that was formed by submitting paperwork to your state SOS. So any LLC or nonprofit falls under that umbrella.
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Ok, but I manage a small HOA and have been trying to get the board members to submit their info. They still haven’t done it. So now this small Association is going to fined more than they even make in a year?
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Yes but as much as I hate the current administration, this rule was unnecessarily broad. I’m on my small HOA board, why do I want to give the government my information?
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And it was 55° in Boulder at midnight last night!
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Or a small dog that perches above you on the couch!
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Now we just need an iPad app and I’ll be all set!