FinCEN Update - In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability for failing to do so while the order remains in force. However, reporting companies may still choose to voluntarily submit their BOI reports.
More information is available on FinCEN’s website at https://www.fincen.gov/boi. Also, check out our recent blog.
FinCEN Update - In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability for failing to do so while the order remains in force. However, reporting companies may still choose to voluntarily submit their BOI reports.
More information is available on FinCEN’s website at https://www.fincen.gov/boi. Also, check out our recent blog.
Your Trusted Platform for Simplified BOIR Filing
Whether you're a business owner filing BOIR for your company or a service provider handling BOIR filings for clients, TaxBandits has everything you need!
Pricing starts at just $49.
Benefits of Filing BOIR with TaxBandits
A Reliable BOI Reporting Solution for Everyone
Business Owners
An easy-to-use software that simplifies the BOI reporting process with FinCEN for reporting companies of all sizes.
Law Firms and Attorneys
Whether your law firm is filing as a reporting company or assisting clients with BOI reporting, TaxBandits is your perfect solution.
Registered Agents
Provide BOI reporting services to every new business you register, ensuring FinCEN compliance while driving your business growth.
Registered Agents
Provide BOI reporting services to every new business you register, ensuring FinCEN compliance while driving your business growth.
Law Firms and Attorneys
Whether your law firm is filing as a reporting company or assisting clients with BOI reporting, TaxBandits is your perfect solution.
Businesses
An easy-to-use software that simplifies the BOI reporting process with FinCEN for reporting companies of all sizes.
Tax Professionals
A tailor-made solution for CPAs and accountants to manage the BOIR filings efficiently in one place for a high volume of clients.
Platforms
If you’re a domain registrar, HOA, or any other software provider, expand your services to include BOI Reporting and boost your revenue.
Experience TaxBandits' Best-in-Class Features to Simplify Your BOI Filing Requirements!
For high volume filing, Call us at (704) 684-4758 for customized pricing!
Worried About Handling FinCEN BOIR Notices and Inquiries?
We’ve Got You Covered!
TaxBandits has partnered with 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.
Intuitive Software Built With Innovative Features for Streamlined BOIR Filing
Leverage our time-saving features and complete the BOI filing online in just 10 minutes!
Comprehensive Solution
We support all types of BOI reports - Initial, Correction, Update, or Newly Exempt Entity reports in one convenient place.
Easy Corrections
To file a correction or update, simply update the existing data and submit it instead of starting the report all over.
Address Book
Simply pull your client’s BOIR data from your Address Book and avoid redundancy while preparing a BOI report for them.
Invite Beneficial Owners
Send invites to the company’s beneficial owners, allowing them to complete their details via a secure URL.
AI Data Extract
Let our AI system automatically extract data from identifying documents you upload, eliminating manual entry.
Record Keeping
All your BOI reports are securely stored with us, and you can access them and download the transcripts anytime.
Schedule Filing
Schedule your BOI reports on your desired date and make changes anytime before transmitting to FinCEN.
Free Retransmission
If FinCEN rejects your BOI report for any errors, fix them and resubmit it at no additional costs.
BOIR online filing is made simple with our intuitive features
Exclusive Features for High-Volume BOIR Filers! PRO
Our intuitive software comprises various exclusive features tailored to streamline the BOI reporting process for tax professionals, law firms,
and other service providers who manage BOI filings for a large volume of clients.
Engagement Letter
Customize engagement letters with your own terms and conditions, auto-fill client details, request e-signs, and update them anytime.
FinCEN Compliance Reminders
Set up automated reminders regarding updates and upcoming deadlines from FinCEN, eliminating manual follow-ups.
Client
Notifications
Keep your clients in the loop regarding the status of their BOI reports with automated notifications and real-time updates.
Bulk Upload
Streamline your BOI filings with the Bulk Upload feature! Use the standard CSV template to import data in one go, saving time and reducing the manual process.
Secure Client Portal
Enable BanditConnect, a secure portal customized with your own brand, facilitating seamless collaboration, data exchange, and review & approval process.
Team Management
With BanditCollab, our team management tool, invite unlimited team members, assign them pre-defined roles, and delegate your BOI report filings.
Tax Pros can simplify their BOIR filing with our exclusive Pro features!
For high volume filing, Call us at (704) 684-4758 for customized pricing!
BanditGuarantee
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!
File BOIR with Confidence
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.
Free Corrections & Updates
Based on the pricing plan you choose, you have a 7-Day or a Year 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 for free.
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.
Unlock New Opportunities, Maximize Your Revenue
According to FinCEN, an estimated 32.6 million small businesses must file a BOI report this year. As a CPA, these new regulations bring you a significant opportunity. By offering BOI filing services to your clients using TaxBandits, you can ensure their compliance while creating a new revenue stream for your practice.
API Integration
Effortlessly integrate our API into your existing system to streamline and enhance your BOI filing process.
White-Label Service
Maximize your earnings by customizing our solution with your branding, fusing your distinct identity with our cutting-edge technology.
Affiliate Programs
Earn commissions by adding your referral link to your website or social media. Each client who files BOIs through TaxBandits adds to your revenue stream.
How to File BOIR with our Software?
-
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 Helpful Tools to Simplify Your BOI Filing
BOIR Exemption Checker
Find out whether your company needs to file a BOI report.
Our Customer Reviews
L
Luis Collazo
J
Jay Polonsky
A
Allen Cohen
I
Igor Mandryka
Data Security is Our Highest Priority - Secure BOIR Filing Guaranteed!
As a SOC-2 certified provider, TaxBandits safeguards your sensitive information, including PII data like SSNs, using robust security measures. Learn more.
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.
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
