MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

The Government Brought Back The BOI with BIG PENALTIES

4 Mar 2026 · 1 min

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The government revived BOI reporting requirements for real estate ownership, targeting money laundering through LLCs. It's not a tax filing but must be submitted with property deeds during transfers. Missing the deadline carries steep penalties, so compliance matters for every real estate transaction.

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The purpose of this report is that the government's trying to find bad actors, people that are laundering money, hiding money, and criminals that are using LLCs to launder money in holding real estate. Now, that sounds very admirable, but again, they cast a wide net, and if we own real estate, we've got to report what we own so they can find who the bad guys are and what they may be owning. So the government's stated goal is to increase transparency, and they're requiring real estate owners to file this report in certain types of transactions. Now let's first talk about what it's not. This has nothing to do with your tax returns. It has no tax impact. And this report is going to typically be filed alongside the deed when you record the transfer of a property from your trust, your individual name into an LLC or vice versa. So whenever you're transferring property at a title company or in that process, this is when this report might apply.