Even the IRS is reminding us of the requirement to file the BOI (Beneficial Ownership Information), in their IR-2024-288 released around mid November 2024, the IRS shared information on this requirement and a free one hour seminar held by FinCen (Financial Crimes Enforcement Network) representatives.
Why do we consider that even the IRS is urging business owners to complete the filing? Remember that the BOI falls under the FinCen jurisdiction (FinCen is a bureau of the U.S. Department of Treasury). Well, in early November, FinCen reported that only 6.5 million businesses had filed BOI reports out of around 35 million expected filings.
If you are a avid reader of our blog, you are aware of our numerous post on BOI and the free recorded seminars that you can watch in Youtube for different organizations, like NJ SBDC, Greater Philadelphia Hispanic Chamber of Commerce and others. You can review our post library or send us an email info@ggcpaservices.com
We will have a last free online BOI seminar with the organization LAEDA on December 5th, 2024 at 6pm EST. See links below.
Laeda 12/5/24 – 6pm EST Seminar registration – Click Here
Laeda 12/5/24 – 6pm EST (direct Link) – Beneficial Ownership Information (BOI) Reporting feat. Victor Garrido of GG CPA Services
Ensure compliance and avoid hefty fines, if you have questions on the BOI filing we can help. Do not leave it for the last minute!
Link Journal of Accountancy – BOI update: 6.5 million of 32 million reports filed so far
