Shawn Fain to negotiate on matters such as BOI reporting- especially the penalties. The AICPA and state 

societies were focused on granting new businesses 90 days to report (vs 30) and also to delay the entire

implementation for 1 year. OK, but $ 500 per day penalty is rather cruel, not to mention 2 years in federal

prison. Assuming that tax preparers are permitted to file BOI reports- how would you price the service

given the penalties if you overlook a client filing? Is this reporting really necessary?

I will be 69 next month and a CPA for 40 years. I personally know of no person involved with money

laundering. However, I am aware of a public official with 20 shell companies and 150 suspicious activity

reports.