File BOI Report
Online
in 3
Simple Steps
Meet your FinCEN BOI filing requirement
with TaxBandits
What is the FinCEN BOI Report?
FinCEN mandates that many small businesses are required to file a Beneficial Ownership Information Report under CTA (Corporate Transparency Act) about the individuals who own or control the company. This act is effective from January 1,2024. BOI Reporting helps FinCEN to know more about the criminal activities of Beneficial owners.
Click here to learn more about BOI Reporting Requirements.
filectaboi.com - A Best Solution to File BOI Reports Online
In order to help Small Businesses, filectaboi.com supports e-filing BOI reports with FinCEN. When Filing BOI Reports with our software, you can take leverage these
features to
simplify your BOI filing:
Easy & Secure Filing
Use our cloud-based software to Submit your BOI Reports with FinCEN easily
from anywhere. Also, you can access your report at
any
time.
Support Initial, Correction & updates
Filectaboi streamline the BOI reporting. We Support filing of Initial Report, Correct & update the prior report.
Free BOI Corrections
You can submit a corrected or updated report for free within 7 days from the
date the initial BOIR was accepted
by FinCEN.
Instant Status Updates
Get instant updates on your BOIR. Our software will update you on the status
of your BOI filing through email or you can track the status from
the dashboard.
Pro Features that Simplify your BOI Filing
Staff Management
Streamline your tax filing, by inviting and managing your staff member, you
can easily assign roles, control access and
assign tasks.
Client Management
Easily manage client activities and securely communicate, sharing sensitive information
through our secure portal for streamlined
client
management.
Automated Reports
Get valuable insights on your staff performance and filing status tailored to your
business or clients, enhancing
decision-making.
Visit https://www.taxbandits.com/fincen-boi/efile-boi-report-online/
to learn more about
the features offered to simplify your BOI
Filing.
How to File BOI Report Online for 2024?
Filing your BOI Report is easier than ever before with filectaboi.com! Follow these simple steps to complete your reporting:
Step 1: Add Reporting Company Information
Enter the Reporting Company details, including Business Name, Tax Identification Number (TIN), and Jurisdictions.
Step 2: Add Company Applicant Information
Fill in the applicant details, such as name, date of birth, and identity proof.
Step 3: Add the Beneficial owner Information
Enter Beneficial Owner information, including Name,
Date of Birth, Address, and
Identity Proof
Step 4: Review and Submit to FinCEN
Review the entered information thoroughly and submit
the report
to FinCEN.
What information is required to File
BOI
Report Online?
The following information is
required to
complete your BOI Report :
- Type of the report (Initial, Update, Correct or Newly Exempt Entity)
- Reporting company: Name, EIN, Address, etc.
- Details of the Company Applicant(s): Name, Date of Birth, Address and Identity Proof
-
Beneficial Owners Information: Name, Date of Birth, Address and
Identity Proof
What information is required to File BOI
Report Online?
The following information is required to complete your BOI Report :
- Type of the report (Initial, Update, Correct or Newly Exempt Entity)
- Reporting company: Name, EIN, Address, etc.
-
Details of the Company Applicant(s): Name, Date of Birth, Address
and
Identity Proof -
Beneficial Owners Information: Name, Date of Birth, Address and
Identity Proof
When is the Deadline to File
BOI Report?
The deadline for submitting initial report varies based on when the entity was created.
For company is created on or after January 1, 2024,
the due date to submit the initial BOI report is within 90 calendar days of the
date the entity
is
created.
For company was formed before January 1, 2024, the due date for the initial BOI report submitting is January 1, 2025.
Frequently Asked Questions on BOI Report
Who is required to File BOI?
The following entities must file a Beneficial Ownership Information (BOI) report:
Domestic reporting company - A corporation, LLC, or other business entity formed by filing a registration document with a secretary of state (or similar) agency under the laws of a state or Indian tribe.
Foreign reporting company - A corporation, LLC, or other entity incorporated under the laws of a foreign country that has filed a document with a secretary of state or similar authority to register to do business in any US state or tribal jurisdiction.
Who is a beneficial owner of a reporting company?
Any person who, directly or indirectly, has substantial control over a reporting company or owns or controls at least 25 % of the reporting company's ownership interests is referred to as a beneficial owner of a reporting company.
Who is a company applicant for a reporting company?
The person who directly submitted the registration document for the company or, in the case of a foreign reporting company, the initial registration document authorizing the corporation to conduct business in the United States.
The person who has primary responsibility for overseeing or managing another
person's submission of the
relevant
document.
Are there any penalties associated with BOI Reports?
The Corporate Transparency Act's FinCEN rule stipulates that
noncompliance with
the BOI reporting requirements may result in civil penalties of up to $500 per
day. In addition, there is a $10,000 maximum fine and a maximum two-year prison
sentence for
criminal offenses.