Corporate Transparency Act - Beneficial Ownership Information Report Filing

Forum|Forum|1 year ago
November 13, 2024
2 replies
13 views

Hopefully some of you are more familiar with this act than I am. I did investigate it a bit:

File the Beneficial Ownership Information Report (BOIR) | FinCEN Filing (submityourboir.com)

I have a small hair salon as a client, Schedule C Single LLC. Based on reviewing the information in the link above, it seems she is required to complete this filing. I think the due date has been extended until July 1, 2025?

Appreciate any input.

ProSeries Professional

Best answer by Jim-from-Ohio

- new companies formed in 2024 have 90 days

- previously set up companies have until 01.01.25, with one exception

On October 29, 2024, the Financial Crimes Enforcement Network (FinCEN) announced that certain reporting companies affected by Hurricanes Milton, Helene, Debby, Beryl, and Francine will receive an additional six months to submit initial, updated, and corrected beneficial ownership information (BOI) reports.

Jim-from-Ohio

Answer

Intuit Community Champion

- new companies formed in 2024 have 90 days

- previously set up companies have until 01.01.25, with one exception

On October 29, 2024, the Financial Crimes Enforcement Network (FinCEN) announced that certain reporting companies affected by Hurricanes Milton, Helene, Debby, Beryl, and Francine will receive an additional six months to submit initial, updated, and corrected beneficial ownership information (BOI) reports.

Just-Lisa-Now-

Intuit Community Champion

its pretty quick and easy, she should probably just get it done now. The worse part for people that arent tech savvy is uploading a picture of your drivers license.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

judys3

Level 6

This! I have filed so many for people. Super easy.

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