How to File a BOI Report with FinCEN (Step-By-Step)

In this step by step guide, I'll walk you through the BOI Report Filing process in just 5 minutes on the FinCEN website.

As a CPA, I, understand the frustration and complexity of tax filings, but I'm here to simplify the process for you.

In this video, I'll walk you through the entire Beneficial Ownership Information (BOI) filing process on the FinCEN website, making it quick and hassle-free.

Whether you're running an LLC, corporation, or partnership, this is a must-watch to stay compliant and penalty-free. For specific cases like having foreign owners or companies formed in 2024 or later, the BOI filing process may vary.

Avoid hefty $500/day fines and file your BOI Report in just 5 minutes with our step-by-step guide!

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Hey there, welcome to my channel! I'm Noel Lorenzana, a Registered CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up—watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video!

On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.

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Thanks for watching my video on, How to File Your BOI Report in Just 5 Minutes!

Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based on this video is accurate.

⏱️VIDEO CHAPTERS⏱️
00:00 - What is Beneficial Ownership Information (BOI) Report?
01:17 - What You Need to File Your BOI Report
02:10 - File a Report Using the BOI e-Filing System With FinCEN
02:58 - How to File the BOI Report (BOIR) With FinCEN (Step-By-Step)
03:06 - BOIR: Filing Information
03:25 - BOIR: Reporting Company
05:30 - BOIR: Company Applicant
07:48 - BOIR: Beneficial Owner Information
09:38 - BOIR: Submit Page
10:59 - NOTE: Before Closing Submission Status Confirmation Page
11:10 - Beneficial Ownership Information FAQs

#boi #beneficialownership #fincen

[superhandymanservice]

Thanks for the video. It was helpful with one omission. On the reporting company #16 there was a note that said do not check if the reporting company was created on or after Jan 01 2024. Check box if the company was created before that date. Those that check the box do not have to report have to report any company applicants and then it says go to page III.

[t-mell]

WOW!!! Quick & Painless. Some accounting firm just called me & tried to charge me $2, 700!!! THANK YOU IMMENSELY!!!

[savorycrustfoodtrucktuesdays]

Thank you for sharing the knowledge! Sharing!

[edgarlemoine]

Thank you Noel por your video. Very helpful

[clintfrancispodcast]

Hi Noel. Thanks for the video. I filed it today. The only problem I ran into was when I attempted upload the photo. I took a photo of my driver's license with my iPhone and it would not upload because my photo exceeded 4MB. Then I changed the photo to JPEG, TIFF and PNG and it still was too big of a file to upload. I finally got the photo to upload by making a copy of my driver's license by scanning it on a photocopier and emailing it to myself. Then I downloaded it on my desktop and uploaded it finally. I just wanted to mention this in case anyone else had this problem Thanks again for your video.

[betomata]

Great and very helpful video couldn't do it alone. Thank you, sir!

[MalaniGaines]

This video was very helpful and easy to understand. Thank you!

[NoelLorenzanaCPA]

I hope you received value from the video. If you do, it would really help this channel if you Subscribe. It's FREE. 😉

Here's a link to my (free) Facebook group:

[petegrande]

Your clear step by step guidance and explanation made this an easier process that I could feel certain I did correctly. Thanks.

[SplashPainting]

Easy to follow, Simple and Straight Forward. Thank You!

[unpredictable]

The Registered Agency that formed and filed my LLC said they only let business owners that is not living in the USA use their address to file BOI. Can i use my residential address for both address section?

[jamesdeininger]

One question — The entirety of Part II (under “Company Applicants” section) can’t be filled out if I check the box for “Existing reporting company”. I’m not sure why you’re able to fill that out.

[tbqhokz]

Great video. Was curious did you ever get an email sent to submitter email address you put in stating it was accepted or anything?

[melt]

awesome! subscribed. i don't even know what else you do but - love it

[VipSeller-ti]

Thank you so much for a great video!!!! My question is how can I download a transcript and where if I didn't dowloaded right the way? I received an email with Trucking ID and Submission Status: FILING SUCCESSFUL but I don t see where I can download a transcript

Thank you !

[terriwalker]

How do you add multiple owners on the form. I click on "add owner" and it doesn't allow me to put more than one owner on the form. Thanks

[aracellyborgesreis]

Thank you very much for the video, I will follow the step by step. And of course, I can also follow you on You Tube, I see that you provide a lot of beneficial information. Congratulations👏👏👏

[robynj]

There are 3 beneficial owners with our LLC. After I enter my info it doesn't allow me (or ask me to enter the other owners). Am I missing something?

[rquinsey]

Thanx Noel for the great video --- worked as you instructed. 👍

[InfinityGroup-ns]

Hi there! I have 6 different LLCs I am the sole owner of it no members etc. I completed one report, and I have received the FinCEN Id can I use that Id to fill out the other 5 reports? Or does each LLC need its own FinCEN ID?