This is a requirement brand new for 2024. This report is separate from the FL Sunbiz annual report filing. The Business Ownership Interest (BOI) report must be filed with the US Treasury (FINCEN), per legislation that was passed in recent years. It is part of the Corporate Transparency Act (CTA).
For entities that existed prior to 2024, you have until December 31, 2024 to file the report. For entities that were created in 2024, you have 90 days from the date of creation to file the report. These deadlines are for the initial report. You must file an update report within 30 days of changes in the underlying BOI information. This would be things like change in ownership or officers, change of address, etc.
We charge $175 per filing to file these for you.
Are churches exempt from filing the report? Yes, if they are recognized as an IRS 501 (c or a) organization, and file a 990 series tax return.
Are HOAs exempt from filing the report? No. They must file because they do not file a 990 series tax return. Most must file the report, as they file IRS form 1120-H.
Is my LLC required to file the report? Yes, whether single- or multi-member.
Do I have to have an EIN to file the BOI report? It depends. If it is a disregarded entity, such as a single-member LLC or fictitious name (DBA), then you can use the individual’s SSN in place of an EIN. The report requires that a TIN (Taxpayer ID Number) be provided. A SSN and an EIN are both TINs.
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