Determine Your FinCEN BOI Reporting Requirements

FinCen BOI Report

Do I Need to File the FinCen BOI Report?
Was your company: 1) Created or formed in the United States Or 2) Is it a foreign company registered to do business in the U.S.?

YesNo

Is your company a Limited Liability Company (LLC) or Corporation?

YesNo
Did you file a document with a U.S. state office or Indian Tribal office to form or register your business? (For example, a registration form to create a Limited Partnership, Limited Liability Partnership, Limited Liability Limited Partnership, or Business Trust)

YesNo

Large Operation Company Exception
BOI report exemption for Large Operating Companies

An entity is exempt from reporting if it meets ALL THREE following criteria:

It employs over 20 full-time workers in the United States, as defined in specific sections of the Internal Revenue Code (26 CFR 54.4980H-1(a) and 54.4980H-3).

It filed a U.S. Federal income tax or information return for the last year showing over $5 million in gross receipts or sales. This amount is the total reported as gross receipts or sales on the entity’s IRS Form 1120, consolidated IRS Form 1120, IRS Form 1120-S, IRS Form 1065, or a similar form, after subtracting returns and allowances, and only includes income from U.S. sources based on Federal tax rules. For entities that are part of a larger group of companies filing a consolidated tax return, the $5 million threshold applies to the total reported for the entire group.

It operates from a physical office within the United States.
1. Does your company employ 21 or more full-time employees?

YesNo
2. Did your company report over $5,000,000 in sales on your last year's business tax return?

YesNo
Does your business operate from a physical office within the United States.

YesNo

Results

Based on the responses submitted, it appears a BOI report may be required. The FinCEN Beneficial Ownership Reporting Rule is effective January 1, 2024.

You can file on your own at fincen.gov/boi, or save time and effort by having Legacy Tax & Resolution Service file on your behalf.

Consult with your accountant, attorney, or financial advisor on this matter to be sure a filing is required.
Based on the response submitted, you should consult your accountant, attorney, or financial advisor for guidance on whether to file or not.
Based on the responses submitted, it appears you are unsure of your requirements. We strongly urge you to consult with your accountant, attorney, or financial advisor on this matter.
Based on the responses submitted, it appears you have not filing requirements. We strongly urge you to consult with your accountant, attorney, or financial advisor to verify.
Should be Empty:

FinCen BOI Report