Beneficial Ownership Information Reporting

DO NOT END UP IN JAIL!!!

What is the BOIR Report Filing (BOIR)?

Brand New Reporting Requirement.

Beneficial Ownership Information Report (BOIR) is

a brand new Report required by the Department of Treasury, specifically the Financial Crimes Enforcement Network (FinCEN), to be filed by December 31, 2024.

The Corporate Transparency Act requires most businesses to report information about their Owners or “Beneficial Owners” to the Financial Crimes Enforcement Network (FinCEN).

Who Needs to File?

1. Corporations (S-Corp & C-Corps)
2. All LLCs – active and inactive
3. Partnerships

 What Happens If You Don’t File a BOIR?

Penalties for missing the 12/31/2024 Deadline include exorbitant costs for non-compliance. They are as follows:

• $591 per day (unlimited days)
• $10,000 in criminal fines and
• Up to 2 Years in Prison/Jail.

The BOIR is filed with the Criminal Division of the Department of Treasury – FinCEN, not the IRS.

Deadline for Electronic Filing of BOIR is

12/31/2024. Note: FinCEN does NOT allow extensions. For new clients our deadline is 10/15/2024.

Why Work with Daniel Vigilante’s CPA Office?

You will have a Licensed CPA Firm with 33 years of experience with all types of Government filings. Our guarantee to you is the following:

1. All BOIRs will be filed by the 12/31/24 Deadline.
2. You will receive a copy of the actual BOIR filing in your secured Portal.
3. You will receive confirmation of the filing from FinCEN.                                             
4. Your Business will receive their FinCEN ID#, which will be needed to open all future bank accounts and for any required updates and filings.

You will get all of the above, and most importantly, AVOID penalties, Fines, and possible Jail time. Call (973) 605-1212 x21 for the price.

Our Office will require all your information, a signed Engagement letter, and a deposit by 10/15/2024. This is the BEST Insurance Policy you can buy! You may find other non-CPAs out there charging a lower price; however, they will not be able to assist you with tax notices and problems with this new requirement. This new BOI Reporting is complicated and updates are issued frequently. Don't have a novice prepare this for you. Give us a call.

Call Nancy at (973) 605-1212 x21 to complete your BOIR Report with Us. Deadline:10/15/24