{"id":63572,"date":"2024-01-18T11:32:58","date_gmt":"2024-01-18T17:32:58","guid":{"rendered":"https:\/\/resource-center.hrblock.com\/?p=63572"},"modified":"2024-04-19T13:09:19","modified_gmt":"2024-04-19T18:09:19","slug":"do-i-need-to-file-a-boi-report","status":"publish","type":"post","link":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/","title":{"rendered":"Do I need to file a BOI report? Here\u2019s what you should know"},"content":{"rendered":"\n<p>Are you a small business owner looking to ensure you\u2019re compliant with all your federal reporting requirements? If so, you must familiarize yourself with <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/build-your-business\/beneficial-ownership\/\">beneficial ownership information<\/a> (BOI) and the U.S. Department of the Treasury\u2019s Financial Crimes Enforcement Network (FinCEN).<\/p>\n\n\n\n<p>New in 2024, businesses nationwide will be asked to file a BOI report to avoid heavy fines and legal penalties. But is your business one of them?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-boi-report-key-takeaways\">BOI report key takeaways<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Starting January 1, 2024, certain U.S. businesses will be required to submit a Beneficial Ownership Information (BOI) report.<\/li>\n\n\n\n<li>Failure to properly file a BOI report may incur severe civil and criminal penalties, including fines of up to $100,000 and up to two years of prison time.<\/li>\n\n\n\n<li>The deadline for filing a BOI report depends on when a company was created or registered. Companies created before January 1, 2024, have until January 1, 2025, and companies created or registered after January 1, 2024, and before January 1, 2025, have 90 days from their date of creation or registration.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-create-block-hrb-article-cta\" class=\"wp-block-create-block-hrb-article-cta\" style=\"background-color:#005d1f\"><div class=\"hrb-article-cta--image\" style=\"background-image:url(&quot;https:\/\/www.hrblock.com\/tax-center\/wp-content\/themes\/hrb_tic\/img\/on-laptop-at-desk-graphic.png&quot;);background-size:contain;background-position:center;background-repeat:no-repeat\"><\/div><div class=\"hrb-article-cta--copy #ffffff\"><h3 class=\"main-heading\">Are you in compliance with the Corporate Transparency Act?<\/h3><div class=\"quick-links-list\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.blockadvisors.com\/beneficial-ownership-reporting\/order\">File your BOI report<\/a><\/div>\n<\/div><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-beneficial-ownership-information-definition\"><a><\/a>Beneficial Ownership Information: Definition<\/h2>\n\n\n\n<p>In late 2022, FinCEN issued <a href=\"https:\/\/www.govinfo.gov\/content\/pkg\/FR-2022-09-30\/pdf\/2022-21020.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">new guidance<\/a> implementing beneficial ownership information (BOI) reporting requirements as detailed in the <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/manage-your-business\/corporate-transparency-act\/\">Corporate Transparency Act <\/a>(CTA). With an effective date of January 1, 2024, the clock is ticking for business owners everywhere to familiarize themselves with this reporting rule.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/www.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report-1024x536.jpg\" alt=\"A small business owner wondering &quot;Do I have to file a BOI report?&quot; while looking at a computer\" class=\"wp-image-63573\" style=\"width:300px\" srcset=\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report-1024x536.jpg 1024w, https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report-300x157.jpg 300w, https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report-768x402.jpg 768w, https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report-50x26.jpg 50w, https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>In simple terms, <a href=\"https:\/\/www.fincen.gov\/boi-faqs\" target=\"_blank\" rel=\"noreferrer noopener\">according to FinCEN<\/a>, beneficial ownership information is any identifying information related to individuals who directly or indirectly control a company. The BOI report, therefore, refers to a specific report some business owners must file that details this information. The requirement doesn\u2019t discriminate by size, so qualifying small businesses have just as much of a duty to follow the reporting rule as large ones.<\/p>\n\n\n\n<p>The BOI report is part of a broader effort by FinCEN and the U.S. government to crack down on financial crimes. Specifically, the final rule aims to bolster corporate transparency. It will help law enforcement stop fraud, corruption, money laundering, terrorist financing, and similar activities.<\/p>\n\n\n\n<p>For small business owners, this means that you have another compliance requirement to track. Keep reading to learn if you may need to share beneficial ownership information with FinCEN through a BOI report.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-do-i-need-to-file-a-boi-report\">Do I need to file a BOI report?<\/h2>\n\n\n\n<p>Per the final rule set forth by the Treasury Department, any entity under the umbrella term \u201creporting company\u201d must follow the <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/build-your-business\/beneficial-ownership\/\">beneficial ownership information reporting requirements<\/a> and file a BOI report.<\/p>\n\n\n\n<p>\u201cReporting company,\u201d in this case, refers to <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/build-your-business\/what-is-a-corporation\/\">corporations<\/a>, <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/manage-your-business\/limited-liability-company-llc-protection\/\">limited liability companies<\/a> (LLCs), limited liability partnerships, and others. Any <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/small-business-owners\/business-entity-101\/\">entity<\/a> created by filing business formation documents with a secretary of state or a similar office will likely be impacted. <a href=\"https:\/\/www.fincen.gov\/beneficial-ownership-information-reporting-rule-fact-sheet\" target=\"_blank\" rel=\"noreferrer noopener\">FinCEN further breaks this down<\/a> into two subcategories: domestic reporting company and foreign reporting company.<\/p>\n\n\n\n<p>The difference between a domestic and foreign reporting company is self-explanatory. A domestic reporting company is any company created in the U.S. A foreign reporting company is created outside the U.S. but registered to do business in the U.S. through a filing with a secretary of state or similar office.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-exempt-companies\">Exempt companies<\/h3>\n\n\n\n<p>Although the BOI reporting rule reaches far and wide across the business world, there are certain exemptions. Companies in certain industries that are already heavily regulated by the federal government are likely to be exempt from filing a BOI report.<\/p>\n\n\n\n<p>Some key types of businesses that could be exempt are banks, credit unions, tax-exempt entities, investment companies, and accounting firms. FinCEN provides <a href=\"https:\/\/www.fincen.gov\/sites\/default\/files\/shared\/BOI_Small_Compliance_Guide_FINAL_Sept_508C.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">a list<\/a> of the 23 potential reporting company exemptions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-boi-reporting-requirements\">BOI reporting requirements<\/h2>\n\n\n\n<p>If you&#8217;re a small business owner who needs to file a BOI report with FinCEN, you might be wondering how and exactly what kind of information you need on hand. Luckily, the information required for companies and beneficial owners isn\u2019t too different from many others. However, there are some terms that you\u2019ll want to be aware of. These include \u201cReporting Company,\u201d \u201cBeneficial Owners,\u201d \u201cCompany Applicant,\u201d and others. Learn more about <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/build-your-business\/beneficial-ownership\/\">BOI Reporting Requirements<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-reporting-company-information\">1. Reporting company information<\/h3>\n\n\n\n<p>As a reminder, a reporting company is any entity created or registered in the U.S. by filing a document with a secretary of state or similar office. When filing an initial BOI report, a reporting company must provide the following information:<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"1\">\n<li>Full legal name<\/li>\n\n\n\n<li>Any trade name or \u201cdoing business as\u201d (DBA) name<\/li>\n\n\n\n<li>Current U.S. street address<\/li>\n\n\n\n<li>State, Tribal, or foreign jurisdiction of formation<\/li>\n\n\n\n<li>Internal Revenue Service (IRS) Taxpayer Identification Number (TIN) (including an <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/small-business-tax-prep\/how-to-get-an-ein\/\">Employer Identification Number<\/a> (EIN))<\/li>\n\n\n\n<li>State or Tribal jurisdiction of first registration, if a foreign reporting company<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-beneficial-owners\">2. Beneficial owners<\/h3>\n\n\n\n<p>Remember that a beneficial owner is an individual who directly or indirectly owns or controls 25% or more of the ownership interest of a reporting company. They might also directly or indirectly exercise substantial control over it.<\/p>\n\n\n\n<p>Ownership interest refers to equity, stock, voting rights, capital or profit interest, or other instruments, contracts, or mechanisms that establish ownership. An individual has substantial control of a reporting company if they\u2019re a senior officer, can appoint or remove officers or directors, is an important decision maker, or has any other form of substantial control.<\/p>\n\n\n\n<p>It\u2019s important to remember that there are some exemptions to the definition of beneficial owner. Special reporting considerations apply in situations involving:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A minor child<\/li>\n\n\n\n<li>A nominee, intermediary, custodian, or agent<\/li>\n\n\n\n<li>An employee<\/li>\n\n\n\n<li>An inheritor<\/li>\n\n\n\n<li>A creditor<\/li>\n<\/ul>\n\n\n\n<p>Once you\u2019ve identified your company\u2019s beneficial owners, you\u2019ll need to provide the following information about them in your <a href=\"https:\/\/www.blockadvisors.com\/beneficial-ownership-reporting\/\">BOI report<\/a>:<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"1\">\n<li>Full legal name<\/li>\n\n\n\n<li>Date of birth<\/li>\n\n\n\n<li>Current street address<\/li>\n\n\n\n<li>A unique identifying number from an acceptable document, such as a passport or driver\u2019s license, or a FinCEN identifier<\/li>\n\n\n\n<li>An image of the document with the identifying number<\/li>\n<\/ol>\n\n\n\n<p>A FinCEN identifier is a unique number issued by FinCEN to individuals who\u2019ve filed a BOI report or requested one. You can use it instead of providing an identification document number. You can request a FinCEN identifier through an online portal starting January 1, 2024.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-company-applicant\">3. Company applicant<\/h3>\n\n\n\n<p>A company applicant is an individual who files or manages the filing of the document that creates or registers the reporting company. This could be an owner, manager, or agent of the reporting company or a third-party service provider, such as a lawyer, accountant, or <a href=\"https:\/\/www.blockadvisors.com\/business-formation-incorporation-services\/\">incorporation service<\/a>, who files on behalf of the reporting company.<\/p>\n\n\n\n<p>Not every reporting company needs to report company applicants to FinCEN. You\u2019re only required to report company applicants if you\u2019re a domestic reporting company created on or after January 1, 2024, or a foreign reporting company first registered to do business in the United States on or after January 1, 2024.<\/p>\n\n\n\n<p>Company applicants must provide the same information as beneficial owners:<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"1\">\n<li>Full legal name<\/li>\n\n\n\n<li>Date of birth<\/li>\n\n\n\n<li>Current street address<\/li>\n\n\n\n<li>A unique identifying number from an acceptable document, such as a passport or driver\u2019s license, or a FinCEN identifier<\/li>\n\n\n\n<li>An image of the document with the identifying number<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-boi-report-deadline\">BOI report deadline<\/h2>\n\n\n\n<p>The BOI reporting rule went into effect on January 1, 2024, but the deadline for filing your BOI initial report depends on when your reporting company was created or registered.<\/p>\n\n\n\n<p>If your reporting company was created or registered <strong>before January 1, 2024<\/strong>, you\u2019ll have until <strong>January 1, 2025<\/strong>, to file your initial BOI report.<\/p>\n\n\n\n<p>If your reporting company was created or registered <strong>on or after January 1, 2024, <\/strong>but <strong>before January 1, 2025<\/strong>, you\u2019ll have <strong>90 days<\/strong> to file your initial report. Note that this 90-day period starts when your reporting company receives actual notice of its creation or registration or when a secretary of state or similar office first provides public notice of your reporting company\u2019s creation or registration, whichever is earlier.<\/p>\n\n\n\n<p>It\u2019s also important to know that this 90-day window is only for 2024. From 2025 onwards, you\u2019ll have 30 days to file your initial report.<\/p>\n\n\n\n<p>Besides filing your initial BOI report, you must file an updated report within 30 calendar days of any change to the information you previously reported. Some examples of changes that would trigger an updated report are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Change in name, address, or identification document number of a beneficial owner or company applicant<\/li>\n\n\n\n<li>Change in ownership interest or control of a beneficial owner<\/li>\n\n\n\n<li>Change in the status of a reporting company, such as dissolution, merger, or conversion<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-create-block-hrb-article-cta\" class=\"wp-block-create-block-hrb-article-cta\" style=\"background-color:#005d1f\"><div class=\"hrb-article-cta--image\" style=\"background-image:url(&quot;https:\/\/www.hrblock.com\/tax-center\/wp-content\/themes\/hrb_tic\/img\/on-laptop-at-desk-graphic.png&quot;);background-size:contain;background-position:center;background-repeat:no-repeat\"><\/div><div class=\"hrb-article-cta--copy #ffffff\"><h3 class=\"main-heading\">File a BOI report with Block Advisors<\/h3><div class=\"quick-links-list\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.blockadvisors.com\/beneficial-ownership-reporting\/order\">Learn more<\/a><\/div>\n<\/div><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-stay-compliant-file-your-boi-report-with-block-advisors\">Stay compliant &#8211; file your BOI report with Block Advisors<\/h2>\n\n\n\n<p>By <a href=\"https:\/\/www.blockadvisors.com\/beneficial-ownership-reporting\/order\">filing your BOI report<\/a> on time and keeping it updated, you help FinCEN combat money laundering, terrorist financing, and other illicit activities. More importantly, you avoid potential civil and criminal penalties for non-compliance. Consider seeking the advice of an attorney who can review your specific circumstances and guide your decisions to confirm that you are doing what\u2019s right for you.<\/p>\n\n\n\n<p>Failure to file a BOI report can result in a $500-per-day fine, up to $10,000 total, and up to two years in prison. Disclosing beneficial ownership information without proper authorization carries a $500-per-day fine, up to $250,000, and up to five years\u2019 imprisonment.<\/p>\n\n\n\n<p>This is a serious compliance requirement. If you&#8217;re having a hard time understanding the requirements, don&#8217;t panic. <a href=\"https:\/\/www.blockadvisors.com\/\">Block Advisors<\/a> can help you through every step of the process, ensuring your report is filed on time and correctly.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><a><\/a>FAQs<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-a-boi-report\"><a><\/a>What is a BOI report?<\/h3>\n\n\n\n<p>A BOI report is a form that identifies a reporting company, its beneficial owners, and its company applicants.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-who-needs-to-report-beneficial-ownership-information\"><a><\/a>Who needs to report beneficial ownership information?<\/h3>\n\n\n\n<p>Under the <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/manage-your-business\/corporate-transparency-act\/\">CTA<\/a>, all reporting companies need to report BOI to FinCEN. Reporting companies are <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/small-business-owners\/business-entity-101\/\">entities<\/a> created or registered in the U.S. by filing a document with a secretary of state or similar office unless it qualifies for one of 23 exemptions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-deadline-for-filing-the-boi-report\"><a><\/a>What is the deadline for filing the BOI report?<\/h3>\n\n\n\n<p>If a reporting company was created or registered before January 1, 2024, the deadline for filing a BOI report is January 1, 2025. Reporting companies created or registered on or after January 1, 2024, but before January 1, 2025, must file their BOI report 90 days after their creation or registration. Additionally, reporting companies must file an updated BOI report within 30 calendar days of any change in beneficial ownership information.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-penalty-if-you-don-t-file-a-boi-report\"><a><\/a>What is the penalty if you don\u2019t file a BOI report?<\/h3>\n\n\n\n<p>Failure to file a BOI report can result in severe civil and criminal penalties. If you don\u2019t file a BOI report, you could face a $500-per-day fine, up to $10,000, and up to two years in prison. If you disclose BOI without authorization, you could face a $500-per-day fine, up to $250,000, and up to five years\u2019 imprisonment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-difference-between-a-boi-report-and-a-boi-for-taxes\">What is the difference between a BOI report and a BOI for taxes?<\/h3>\n\n\n\n<p>A <a href=\"https:\/\/www.blockadvisors.com\/beneficial-ownership-reporting\/\">BOI report <\/a>identifies the reporting company, its beneficial owners, and its company applicants to FinCEN under the CTA and underlying regulations. A BOI for taxes refers to the beneficial ownership information that the IRS may require. Its definition of beneficial owner, threshold of ownership or control, type of information required, and reporting frequency may differ.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-boi-rule\"><a><\/a>What is the BOI rule?<\/h3>\n\n\n\n<p>The BOI rule is the final rule issued by FinCEN that implements the CTA\u2019s <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/build-your-business\/beneficial-ownership\/\">BOI reporting requirements<\/a>. It aims to enhance FinCEN\u2019s ability to protect U.S. national security and its financial system from illicit use.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-does-a-sole-proprietorship-need-a-beneficial-ownership-report\"><a><\/a>Does a sole proprietorship need a beneficial ownership report?<\/h3>\n\n\n\n<p>No, a <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/small-business-tax-prep\/sole-proprietorship-tax\/\">sole proprietorship<\/a> doesn\u2019t need a BOI report. A sole proprietorship is not considered a reporting company by the CTA because it\u2019s <a href=\"https:\/\/www.blockadvisors.com\/resource-center\/small-business-owners\/llc-vs-sole-proprietorship\/\">not an entity<\/a> created or registered in the U.S. by filing with a secretary of state or similar office. <a id=\"_msocom_1\"><\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><em>This article is for informational purposes only and should not be construed as legal advice. You may want to seek the advice of an attorney to evaluate all relevant considerations.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you a small business owner looking to ensure you\u2019re compliant with all your federal reporting requirements? If so, you must familiarize yourself with beneficial ownership information (BOI) and the U.S. Department of the Treasury\u2019s Financial Crimes Enforcement Network (FinCEN). New in 2024, businesses nationwide will be asked to file a BOI report to avoid [&hellip;]<\/p>\n","protected":false},"author":722,"featured_media":63573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[27,62],"tags":[],"class_list":["post-63572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-business","category-self-employed"],"acf":[],"yoast_head":"<title>Do I need to file a BOI report? | H&amp;R Block<\/title>\n<meta name=\"description\" content=\"Block Advisors can help you file your BOI report per FinCEN\u2019s regulations. Read on to learn more about BOI reporting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do I need to file a BOI report? Here\u2019s what you should know\" \/>\n<meta property=\"og:description\" content=\"Block Advisors can help you file your BOI report per FinCEN\u2019s regulations. Read on to learn more about BOI reporting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/\" \/>\n<meta property=\"og:site_name\" content=\"H&amp;R Block\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hrblock\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-18T17:32:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-19T18:09:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report-1080x628.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Carl Breedlove\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hrblock\" \/>\n<meta name=\"twitter:site\" content=\"@hrblock\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carl Breedlove\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/\",\"url\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/\",\"name\":\"Do I need to file a BOI report? | H&R Block\",\"isPartOf\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report.jpg\",\"datePublished\":\"2024-01-18T17:32:58+00:00\",\"dateModified\":\"2024-04-19T18:09:19+00:00\",\"author\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/a8178af3198b569b980555af32c7a886\"},\"description\":\"Block Advisors can help you file your BOI report per FinCEN\u2019s regulations. Read on to learn more about BOI reporting.\",\"breadcrumb\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#primaryimage\",\"url\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report.jpg\",\"contentUrl\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report.jpg\",\"width\":1200,\"height\":628,\"caption\":\"A small business owner wondering \\\"Do I have to file a BOI report?\\\" while looking at a computer\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Do I need to file a BOI report? Here\u2019s what you should know\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#website\",\"url\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/\",\"name\":\"H&amp;R Block\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/a8178af3198b569b980555af32c7a886\",\"name\":\"Carl Breedlove\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2023\/06\/carl-breedlove-profile-photo-150x150.jpg\",\"contentUrl\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2023\/06\/carl-breedlove-profile-photo-150x150.jpg\",\"caption\":\"Carl Breedlove\"},\"description\":\"Carl is a lead tax research analyst in the Tax Institute. He specializes in the areas of business, rental property and state taxation. Carl is a graduate of the University of Missouri-Kansas City School of Law with a JD and an LLM in tax.\"}]}<\/script>","yoast_head_json":{"title":"Do I need to file a BOI report? | H&R Block","description":"Block Advisors can help you file your BOI report per FinCEN\u2019s regulations. Read on to learn more about BOI reporting.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/","og_locale":"en_US","og_type":"article","og_title":"Do I need to file a BOI report? Here\u2019s what you should know","og_description":"Block Advisors can help you file your BOI report per FinCEN\u2019s regulations. Read on to learn more about BOI reporting.","og_url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/","og_site_name":"H&amp;R Block","article_publisher":"https:\/\/www.facebook.com\/hrblock","article_published_time":"2024-01-18T17:32:58+00:00","article_modified_time":"2024-04-19T18:09:19+00:00","og_image":[{"width":1080,"height":628,"url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report-1080x628.jpg","type":"image\/jpeg"}],"author":"Carl Breedlove","twitter_card":"summary_large_image","twitter_creator":"@hrblock","twitter_site":"@hrblock","twitter_misc":{"Written by":"Carl Breedlove","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/","url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/","name":"Do I need to file a BOI report? | H&R Block","isPartOf":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#website"},"primaryImageOfPage":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#primaryimage"},"image":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#primaryimage"},"thumbnailUrl":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report.jpg","datePublished":"2024-01-18T17:32:58+00:00","dateModified":"2024-04-19T18:09:19+00:00","author":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/a8178af3198b569b980555af32c7a886"},"description":"Block Advisors can help you file your BOI report per FinCEN\u2019s regulations. Read on to learn more about BOI reporting.","breadcrumb":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#primaryimage","url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report.jpg","contentUrl":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2024\/01\/Do-I-need-to-file-a-BOI-report.jpg","width":1200,"height":628,"caption":"A small business owner wondering \"Do I have to file a BOI report?\" while looking at a computer"},{"@type":"BreadcrumbList","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/small-business\/do-i-need-to-file-a-boi-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/"},{"@type":"ListItem","position":2,"name":"Do I need to file a BOI report? Here\u2019s what you should know"}]},{"@type":"WebSite","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#website","url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/","name":"H&amp;R Block","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/a8178af3198b569b980555af32c7a886","name":"Carl Breedlove","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/image\/","url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2023\/06\/carl-breedlove-profile-photo-150x150.jpg","contentUrl":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2023\/06\/carl-breedlove-profile-photo-150x150.jpg","caption":"Carl Breedlove"},"description":"Carl is a lead tax research analyst in the Tax Institute. He specializes in the areas of business, rental property and state taxation. Carl is a graduate of the University of Missouri-Kansas City School of Law with a JD and an LLM in tax."}]}},"_links":{"self":[{"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/posts\/63572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/users\/722"}],"replies":[{"embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/comments?post=63572"}],"version-history":[{"count":0,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/posts\/63572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/media\/63573"}],"wp:attachment":[{"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/media?parent=63572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/categories?post=63572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/tags?post=63572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}