How do you file your initial BOI report with TaxBandits?
2.1k views |Last modified 10/1/2024 12:26:55 AM EST | Added by TaxBandits Team

Follow these minimal instructions to e-file your initial BOI report with TaxBandits:

Step 1: Sign in to your TaxBandits account.
Step 2: In the dashboard, select "Start Reporting" from the BOI Reporting section. 



Step 3: Enter your company’s legal name and click “Start BOIR” to start your reporting.



Step 4: Choose your initial BOI report and click "Save and Continue."



Step 5: Here, you enter the details of your reporting company in the respective fields, then click "Save and Continue."



Step 6: Add your company applicant details. 

• Click the "Add Company Applicant" button.

Step 7: Enter the details in the respective fields. The data from the image you upload will be extracted and automatically filled into the appropriate fields. Then click "Save and Continue"



Step 8: Review all the details you entered on this page if needed you can add one more  company applicant from the address book, edit them if needed, and then click “Continue.” 

Step 9: Add your beneficial owner details. 



Step 10: Select any of the following options:

• Add Manually- enter the details manually
• Select from Address Book - Option to select the owners from address book
• Invite Beneficial Owner - Send a secure link via mail to the beneficial owners. To know more about inviting beneficial owners click here.

• Choose your preferred option, enter the necessary information in the respective fields, and then Click "Save and Continue."

Step 11: Review all the details you entered on this page, edit them if needed, and then click "Continue."

• The company can have maximum beneficial owners, so you can add another beneficial owner if necessary. 

Step 12: Summarize all the details you have entered, edit if needed to add or remove information you previously entered, and then click "Continue."



Step 13: Select your plan and package according to your business needs and click "Proceed to Payment." 

• Enter your card details and the submitter information in the respective fields. 
• Click the "Pay & Submit" button for payment processing. 

Step 14: Upon successful submission, TaxBandits will email the status of your initial BOI report. You can also download a copy by clicking the “Download Order Receipt”.

After your BOI report is sent to FinCEN, we will email you to notify you about the status of your report.