Why Should You Opt for BOIR Protect?
BOIR Protect offers unmatched security and support for your BOI filings, ensuring compliance while safeguarding your firm and clients from potential risks. Stay confident knowing you’re covered at every step.
Peace of Mind
Safeguard your business against unexpected legal and compliance issues.
Protection from Penalties
Avoid costly fines resulting from errors or discrepancies in your BOIR filing.
Comprehensive Coverage
Get up to $1M in services for resolving FinCEN notices and inquiries.
Reassure Your Clients
Add a seal to every client’s BOI Report to remind them that they’re protected even after being filed with FinCEN.
How to Opt-In for BOIR Protect?
Easily activate BOIR Protect within your TaxBandits account to secure your filings. This ensures compliance while protecting against FinCEN notices and potential penalties.
Firm-Level Protection for
Tax Professionals and
Service Providers
- If you’re a tax professional, law firm, or any other service provider, you can activate BOIR Protect Membership which is valid for 1 year, ensuring all your clients’ BOI reports are covered under the protection plan.
Report-Level Protection for
Business Owners
- If you’re filing for your business, you can enable BOIR Protect for your report, safeguarding yourself from FinCEN notices for 1 year by selecting the applicable payment plan.
Frequently Asked Questions on BOIR Protect
What’s Covered in BOIR Protect?
- BOI (Initial, Correct, Update, or Newly Exempt Entity) reports you submit through TaxBandits with the eligible payment option.
- Corrections and updates for the initial reports that are covered under the protection plan.
Coverage Period: These reports are covered for a period of 1 year from the submission date.
What’s Not Covered in BOIR Protect?
- BOI reports that have not been approved by FinCEN.
- BOI reports filed after the deadline.
- BOI reports containing known inconsistencies, missing, incorrect, or misleading information
- BOI reports prepared with negligence, recklessness, intentional misrepresentation, or fraud.
- BOI reports under criminal investigation.
I am a CPA, and filing BOI reports for my clients. Do I have to opt-in for each of my clients?
- No! You can enroll for BOIR Protect Membership and enable the protection plan for all your clients.
- All you need is to consent and agree to the terms and conditions.
What if I want to include the ‘BOIR Protect” for my previous filings?
You can reach out to our support team at (704) 684-4751 and pay the additional fee that is incurred to enable BOIR Protect for the reports you’ve already submitted with us. Once done, your BOI report will be backed by this program.
In case of any notices or inquiries, what should I do?
You can log in to your TaxBandits account and initiate a claim from your BOIR dashboard. Once initiated, the concerned team will check the issue and get back to you regarding further proceedings.