#611 Real Estate Privacy Under Fire: FinCEN’s New Reporting Rule Explained

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 27 February 2026

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Privacy is under attack again — and real estate investors need to pay attention. A new federal rule tied to FinCEN and the Corporate Transparency Act now requires certain residential real estate transfers to file a Real Estate Report disclosing personal information of LLC owners. If you’re transferring property to an LLC, buying with cash, or using creative financing without a bank involved, this could apply to you starting March 1st. In this episode of the Main Street Business Podcast, Mark ...

Transcript

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0:00.0	Our privacy is under attack again. There's a new law in effect this March 1st.
0:05.3	You may not like it. Anyone who owns 25% or more, their personal information is going to be on this real estate report going to the federal government.
0:13.7	You do have to disclose your name, date of birth, address, and social security number.
0:17.5	We are so frustrated by people that are selling these LLCs for twice the price of a real
0:22.5	law firm.
0:23.2	They're just better marketers or they create more fear.
0:26.2	We're like, who the hell are they?
0:27.5	Are they a lawyer?
0:28.4	No.
0:28.8	Why are you taking legal advice from them?
0:36.4	Welcome everybody to the Main Street Business Podcast.
0:39.1	My name is Mark Collar.
0:39.9	I'm here with the amazing Matt Sorensen on a topic.
0:42.8	You do not want to miss.
0:45.2	People, our privacy is under attack again.
0:48.3	It's getting threatened.
0:49.4	We've got the federal government trying to stop money launders, bless their heart.
0:53.5	And they are now after
0:55.0	the real estate transaction. And real estate transfers via deed. We're back to basically the
1:01.7	B-O-I under Finson and this corporate transparency act and making sure that we disclose who's
1:09.5	actually going to own this real estate is the concept.
1:12.2	We got to talk about it.
	...

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