BOIR Filing
Made Effortless.
Whether you’re a business owner or a service provider, TaxBandits is your
perfect choice for streamlined BOI reporting with FinCEN!
With an intuitive interface blended with innovative features, TaxBandits makes your BOI filing process simpler than ever. Spend just 10 minutes and get it done effortlessly!
Your filing is secured with BOIR Protection. Pricing starts at just $49
Worried About Handling FinCEN Notices and Inquiries?
We’ve Got You Covered!
TaxBandits has partnered with Tax Protection Plus to ensure a worry-free BOI filing through ‘BOIR Protect’ for a year.
File BOIR with Confidence
$1 Million BOI Filing Defense
Focus on your business while Tax Protection Plus deals with any FinCEN notices or inquiries you may receive. This program provides up to $1M in services to assist in reaching a resolution.
$10,000 Preparer Error Guarantee
If a legitimate error is made in preparing a BOI filing that results in penalties for you or your client, this program qualifies you for reimbursement of up to $10,000 for amounts you pay on behalf of yourself or your client.
Beneficial Ownership Information Reporting - Key Insights
The Corporate Transparency Act (CTA) of 2021 requires most small businesses established or registered in the U.S. to report their beneficial ownership information to FinCEN.
- Beneficial owners or individuals or entities who own or control the business.
- FinCEN uses this information to enhance financial transparency and prevent crimes.
Does your business need to file BOI? Let’s Find out.
FinCEN has defined 23 types of entities as exempt from BOI reporting. If you’re unsure whether or not you need to file a BOI report, use our free tool to find out.
Reporting Deadline
BOI reporting deadline depends on your company’s formation or registration date.
January 1, 2025
For companies created or registered before January 1, 2024.
Within 90 Calendar Days of Formation
For companies created or registered in 2024.
Within 30 Calendar Days of Formation
For companies created or registered after January 1, 2025
Advanced Features
Built for a Stress-Free
BOI Filing
Leverage our time-saving features tailored just for you and complete the BOI filing in less than 10 minutes!
Comprehensive Solution
We support every type of BOI report — Initial, Correction, Update or Newly Exempt Entity Reports. Choose the one you need and complete the filing.
AI-Powered Data Extract
Let our advanced AI system automatically extract the data from the identifying documents you upload, eliminating manual entry.
Schedule Your Filing
Schedule your BOI reports on your desired date and make changes anytime before transmission. This way, you can reduce the need to file multiple corrections or updates.
Invite Beneficial Owners
Send invites to the company’s beneficial owners and let them complete their details via a secure URL, speeding up the reporting process. You can customize the completion page to reflect your own brand.
USPS Validation
Our system automatically validates the address of the reporting company, beneficial owners, and company application with the USPS database, ensuring accuracy.
Free Corrections and Updates
File your company’s initial report with us and gain access to file free corrections or updates for 7 days, a year or a lifetime based on the pricing package you choose.
Advanced Features
Built for a Stress-Free
BOI Filing
Leverage our time-saving features tailored just for you and complete the BOI filing in less than 10 minutes!
Comprehensive Solution
We support every type of BOI report — Initial, Correction, Update or Newly Exempt Entity Reports. Choose the one you need and complete the filing.
Free Corrections and Updates
File your company’s initial report with us and gain access to file free corrections or updates for 7 days, a year or a lifetime based on the pricing package you choose.
Schedule Your Filing
Schedule your BOI reports on your desired date and make changes anytime before transmission. This way, you can reduce the need to file multiple corrections or updates.
Invite Beneficial Owners
Send invites to the company’s beneficial owners and let them complete their details via a secure URL, speeding up the reporting process. You can customize the completion page to reflect your own brand.
AI-Powered Data Extract
Let our advanced AI system automatically extract the data from the identifying documents you upload, eliminating manual entry.
USPS Validation
Our system automatically validates the address of the reporting company, beneficial owners, and company application with the USPS database, ensuring accuracy.
BOIR Compliance Guarantee
Errors may occur in your BOI reports, but with TaxBandits backing you up with a robust range of solutions ensuring FinCEN compliance, you can put
those worries to rest!
BOIR Protect
Focus on your business while your FinCEN notices and inquiries are taken care of with a 1-year compliance coverage powered by Protection Plus. Learn More
Free Corrections & Updates
Based on the pricing plan you choose, you have a specified period or a lifetime to make corrections or updates to your BOI report.
Free Retransmission
Did FinCEN reject your BOIR report due to any errors? No worries! You can fix the errors with our assistance and resubmit the report at no additional cost.
Refund for Duplicate Filing
If FinCEN rejects your BOI report as a duplicate filing, we will refund your filing fee as BanditCash (Wallet Money) to your TaxBandits account.
File BOIR with Confidence
A Reliable Platform for Tax Professionals and Service Providers to Manage High-Volume BOI Filing
Get the right package built for your unique needs.
Contact us at (704) 684-4758
Customized Engagement Letter
Customize engagement letters with your own terms and conditions, auto-fill client details using dynamic tags, request e-signatures, and update the letter whenever you wish, keeping everything professional and personalized.
Automated Reminders
No more manual follow-ups—send reminders when the report you shared with the client hasn’t been started, is in progress, or is pending review. Also, alert them when there is a deadline coming up.
Client Notifications
Keep your clients in the loop regarding the status of their BOI reports with automated notifications. Once the FinCEN processes the BOI reports you submit, the respective clients will be emailed with the confirmation of acceptance and transcript.
Customized Secure Client Portal
Take advantage of BanditConnect, our secure client portal, to facilitate seamless collaboration and communication with your clients. From name and logo to theme and URL, customize every aspect of the portal with your own branding.
Efficient Team Management
With BanditCollab, our team management portal, invite unlimited team members and let them manage the BOI filings for your clients. You can assign them specific roles such as Preparer, Approver, and Transmitter.
A Reliable Platform for Tax Professionals and Service Providers to Manage High-Volume BOI Filing
Customized Engagement Letter
Customize engagement letters with your own terms and conditions, auto-fill client details using dynamic tags, request e-signatures, and update the letter whenever you wish, keeping everything professional and personalized.
Automated Reminders
No more manual follow-ups—send reminders when the report you shared with the client hasn’t been started, is in progress, or is pending review. Also, alert them when there is a deadline coming up.
Client Notifications
Keep your clients in the loop regarding the status of their BOI reports with automated notifications. Once the FinCEN processes the BOI reports you submit, the respective clients will be emailed with the confirmation of acceptance and transcript.
Customized Secure Client Portal
Take advantage of BanditConnect, our secure client portal, to facilitate seamless collaboration and communication with your clients. From name and logo to theme and URL, customize every aspect of the portal with your own branding.
Efficient Team Management
With BanditCollab, our team management portal, invite unlimited team members and let them manage the BOI filings for your clients. You can assign them specific roles such as Preparer, Approver, and Transmitter.
Unlock New Revenue Streams and Grow Your
Business with Us
TaxBandits brings you reliable partnership opportunities that you can grab on to expand your offerings.
API Integration
Effortlessly integrate our API into your existing systems to automate your BOI filing process. Our developer-friendly offers a Sandbox environment for end-to-end testing and comes with comprehensive documentation that guides you throughout the integration process.
White-Label Solution
Expand your services into BOI reporting under your brand name by taking advantage of our white-label solution. Maximize your earnings by customizing our software completely as you prefer, fusing your distinct identity with our cutting-edge technology.
Interested in our White Label solution? Call us at (704) 684-4758 or email support@taxbandits.com to register your interest!
Referral Program: Spread the Word and Earn Rewards
Join our referral program, and refer TaxBandits to your audience, making BOIR compliance easier for them while earning rewards with every filing they make!
Complete your BOI Reporting in Less than 10 Minutes!
-
Step 1:
Choose your Report Type
Select the type of report, such as initial, update, correct, or newly exempt entity, you want to submit with FinCEN.
-
Step 2: Complete your reporting information
Enter all the information in your report, such as the reporting company's, beneficial owner's, and company applicant's information.
-
Step 3: Review & Submit your report
Review all the information you've entered, choose the pricing plan that fits your business, and transmit your BOI report to FinCEN.
Are You Ready to File BOIR Online?
How to file BOI Report
Our Customer Reviews
L
Luis Collazo
J
Karen M Becker
A
SANDRA L SAVEL
I
Katrina Plunk
Frequently Asked Questions About BOI Filings
What is a BOI filing?
Under the Corporate Transparency Act (CTA), most small businesses across the United States must file their Beneficial Ownership Information (BOI) Report with FinCEN starting January 1, 2024.
This law was enacted to improve transparency and financial integrity and prevent unauthorized access to information such as money laundering and other similar criminal activities.
Click here to learn more about BOI Filing in detail.
Who is required to file BOI?
Generally, the following companies are required to complete BOI reporting:
- Domestic Entities - Any domestic business that operates under U.S. tax laws. This includes corporations, LLCs, limited partnerships, and limited liability partnerships (LLPs).
- Foreign Entities - Any entities that are established outside the United States and conduct business in the U.S.
When is the deadline for BOI filing?
The deadline to file a BOI report is based on your company's establishment date.
- Existing reporting companies created or registered before January 1, 2024, must file their BOI reports by January 1, 2025.
- Companies created or registered to do business in the United States on or after January 1, 2024, must file their BOI reports within 90 calendar days.
- Companies created or registered to do business in the United States on or after January 1, 2025, must file their BOI reports within 30 calendar days.
- Companies are required to file update or correct BOI reports within 30 days of any changes to their company information or beneficial owners.
Use our FREE BOIR Due Date Calculator to find the due date for your business.
What information is required in the Beneficial Ownership Information (BOI) report?
Primarily, you’ll need the following information to complete your BOI report.
- Reporting company details such as Name, EIN, Address, etc.
- Type of the report (Initial, Update, Correct or Newly Exempt Entity)
- Information about the Beneficial Owners (Name, Date of Birth, Address and Identity Proof)
- Details of the Company Applicant(s) (Name, Date of Birth, Address and Identity Proof)
Visit https://www.taxbandits.com/fincen-boi/boi-instructions/ to learn more about BOI filing Instructions.
Who is the beneficial owner of a company?
According to FinCEN, beneficial owners can be
- Any individual or entity who has substantial control over a reporting company or
- An individual or entity that owns or controls more than 25% of the ownership interest over a reporting company, either directly or indirectly.
Click here to learn more about the beneficial owner(s) of a company.
Who is the company applicant of a reporting company?
A company applicant is a person responsible for preparing and filing the documents with the secretary of state or with a similar office to register the reporting company. A reporting company can have up to two company applicants. If more than one person is involved in the filing process, the primary person can be considered a designated company applicant.
Click here to learn more about the company applicants of a reporting company.
Are there any penalties for not submitting BOI reports?
Failure to file BOI reporting requirements on time may result in potential penalties from the FinCEN department.
Civil penalties can range up to $591 per day. Additionally, there may be criminal penalties, including a fine amount of up to $10,000 and imprisonment for up to two years.
To learn more about BOI Reporting Penalties, click here .
Our Recent Blogs on FinCEN BOI Filing
Helpful Resources to File Beneficial Ownership Information Report Online
BOI Reporting Requirements
FinCEN BOI Report Filing Instructions
BOI Report For LLC
Related Blog for Filing BOI
