BOI Report Update (Please Don't Get Fined!)

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The BOI reporting requirement is BACK in effect, with a new deadline of March 21, 2025! If you own an LLC, corporation, or any registered entity in the U.S., you must file your Beneficial Ownership Information (BOI) Report—or risk penalties.

⚠️ What's Happening?

Court cases challenged BOI reporting, but the requirement still stands.
FinCEN has extended the deadline by 30 days—use this time wisely!
Non-compliance could lead to serious fines.
💡 What Should You Do?

Gather your company details, EIN, and ID.
Decide whether to file now or wait for potential updates.
Watch my step-by-step BOI filing tutorial 👉

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Check out JJames'stop recommended videos here. These are cornerstone videos that should answer many of your questions.

-----Longer videos that explain it all!

-----Guides and How tos

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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -

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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not to provide legal advice. You should contact your attorney for advice regarding any particular issue or problem.

[JamesBakerCPA]

My last BOI video saved our viewers over $15, 000! If you want more help with your BOI report you can schedule a FREE discovery call with our team using the link below.

[brettbrown]

Dont file! The BOI was halted. Update with a new video. 😊

[stefonsummers]

Thank you, please make another video on this

[taaest-xek]

On March 2, 2025, the U.S. Department of the Treasury announced the suspension of enforcement of the Corporate Transparency Act (CTA) against U.S. citizens and domestic reporting companies. This means that no penalties or fines associated with the beneficial ownership information (BOI) reporting requirements will be imposed on these entities under the existing regulatory deadlines. The Treasury Department plans to issue a proposed rulemaking that will permanently narrow the scope of the CTA to apply only to foreign reporting companies.

[baitsharkbuckets]

This is clearly unconstitutional... and also insane. It comes down to "prove you are not a crook by letting us invade your privacy". Does anyone seriously think this is going to be effective at preventing money laundering? Land of the free, home of the brave. Be brave.

[mattia.settimelli]

Why am I reading the opposite on trusted sites? Yesterday 03/06/25 The U.S. Treasury Department just suspended enforcement of the Corporate Transparency Act (CTA) for U.S. citizens and domestic companies. can you clarify please?

[ΦίλοςΤουΑλήθειας]

Have the following: DL pic, SSN’s, FEIN, state ID. The process takes about 4 minutes for a company.

[Overitall]

Yayyyy...more steps and bureaucracy to go through to have a business in the US.

[omaradawieh]

Is the BOI required once every year, or does it just have to be filed once?

[HaYwireCrew]

If I filed in the past do I have to file again? Nothing has changed with my info and I keep getting a notice from a third party that I did it through years ago that I’m going to jail or $$ penalty if i don’t file

[DanielSwen]

Quick question: I started my LLC in January of this year and filed the BOI in late January when it wasn’t mandatory. Do I have to file it again, or am I fine? None of my information has changed at all. I even received an email in January confirming that the filing was successful. Any insight would be greatly appreciated.

[lamontrichardson]

Thank you, where do you go to use your Tracking ID to confirm the filing. I have the confirmation email w/Tracking ID, but don't know which LLC it's for

[kemoop]

😂 good for me that I have subscribed to you

[bokijaki]

Yes but companies that have sales 5 million plus. Are exempt. How amazing! This has nothing to do with money laundering. So if you are a big company you are exempt.

[aelisichen]

I submitted an initial BIO report in January. At that time, I didn't have an EIN. When I obtained the EIN, I submitted the initial BIO report for the second time today. That is to say, I filled out the initial BIO report twice and obtained two different Reporting Company FinCEN IDs. Will this have any impact? I'm looking forward to your reply. Thank you.

[bhargavdutt]

Should Businesses formed in Wyoming need to file the BOI report? Is it required only for certain states or the entire nation?

[Ahmed.r.a]

Can I file a BOI without having an EIN number? I just had my Wyoming LLC 20 days ago.

[talal-m]

So I did file this last year do I need to do it now? Nothing changed for me

[enam]

Is it accurate that it costs $350 to file it? I didn't for my new llc because it was asking for credit card information

[mm]

I recently got my LLC but still didn't get my ein. What if I still don't have my ein by 21 march? Would I be penalised?