BOIR Requirement for ALL Registered Businesses
There is a new requirement from the Financial Crimes Department of the IRS for all businesses in the U. S. to file a BOIR (Beneficial Ownership Information Report). Businesses registered before January 1, 2024 have 1 year to file. Businesses registered on or after January 1, 2024 have 90 days to file any changes to the information reported. TaxPro 1000 can file this information for you at a cost of $65 for single owner LLCs and $85 for 2 or more owners if you would prefer not to file yourself at the fincen site (https://www. fincen. gov/bio).
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