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BOI Reporting Reinstated: Deadline Extended to January 13, 2025

Following a federal court's decision on December 23, 2024, companies must again submit beneficial ownership information (BOI) to FinCEN. The updated deadline for entities created or registered before January 1, 2024, is now January 13, 2025. Entities formed between September 4 and December 23, 2024, also have until this date.

TaxBandits offers features to simplify BOI reporting, including BOIR Protect, free corrections, and AI-based data extraction. Their platform supports tax professionals with tools like BanditConnect and secure client portals, enhancing efficiency and collaboration. The service also provides opportunities for firms through referral programs and API integration, ensuring smooth operation and client satisfaction.

R. P.

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