FinCEN’s BOIR Mandate for Small Businesses - An Overview
Starting January 1, 2024, the Corporate Transparency Act (CTA) requires most small businesses in the U.S.
to report Beneficial Ownership Information (BOI) to FinCEN. Failing to file BOI report may result in hefty penalties.
Click here to learn more about BOI Reporting Requirements.
The due date to file the BOI report depends on your business establishment date. Businesses created or registered before
January 1, 2024, must file their BOI reports by January 1, 2025. Check out the BOI due date
for more information.
Note: Use our Free BOI Eligibility Checker tool to find out whether your business needs to file a FinCEN-Mandated BOI report. Find Now
Information Required to E-file Beneficial Ownership Information
(BOI) Report
- Reporting company details such as EIN, name, and address.
- Company applicant details such as EIN, name, address, DOB, and acceptable identification documents.
- Beneficial owners' details such as EIN, name, address, DOB, and acceptable identification documents.
Information Required to E-file Beneficial Ownership Information
(BOI) Report
-
Reporting company details such as EIN, name,
and address. - Company applicant details such as EIN, name, address, DOB, and acceptable identification documents.
- Beneficial owners' details such as EIN, name, address, DOB, and acceptable identification documents.
Steps to Efile BOI Report with TaxBandits
- Select your report type (Initial, Update, Correct, or Newly Exempt Entity)
- Enter your reporting company information
- Enter your company applicant information
- Enter your beneficial owner information
- Review your BOI report
- Pay and Transmit your BOI report
Amazing Features Tailored to Simplify Your FinCEN BOI Filing
TaxBandits simplifies BOI filing with various exclusive features.
Supports filing of Initial, Corrections, & Updated reports.
Provides built-in guidance at every step of the process.
Offers an option to schedule the transmission of your
BOI reports.
Allows you to invite beneficial owners and let them fill in
the report.
Offers instant BOIR Filing status updates.
Enables free corrections for
a week.
FinCEN BOI Filing Fee
$49 /Report
(Free corrections/updates for a week)