Beneficial Ownership Information (BOI) Report Filing Requirement Due By January 1, 2025
Attention JCCS clients! This is a reminder about the filing requirements surrounding the Corporate Transparency Act, otherwise known as the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information (BOI) reporting requirement.
The following individuals & entities must file their BOI report to FinCEN by January 1, 2025:
- Single member LLCs
- Multi-member LLCs
- General Partnerships
- Limited Partnerships (LPs, LLPs, and LLLPs)
- S-Corporations
- C-Corporations
- Any other entity that registered through the Secretary of State
Sole Proprietorships & Non-Profits (tax-exempt entities) are not required to file the BOI report.
To securely file the BOI report, go directly to the FinCEN website: https://boiefiling.fincen.gov
There have been several reports of fraudulent websites and tax forms associated with filing the BOI report. If any website other than FinCEN is used, there is a high probability it is a scam. Do not use any website or tax form that requires a fee to file the BOI report.
For further guidance and clarification on the FinCEN BOI reporting requirements, please refer to the following FinCEN resources:
FinCEN BOI Website: Beneficial Ownership Information Reporting | FinCEN.gov
FinCEN BOI FAQ: https://www.fincen.gov/boi-faqs
FinCEN BOI Reporting Tutorial: https://www.youtube.com/watch?v=GydCvfbKxPw&t=10s
