What are FinCEN Error Codes found in BOIR, and How Do I Fix them?
8.9k views |Last modified 3/15/2024 1:17:20 AM EST | Added by TaxBandits Team

If FinCEN rejects your BOI report, your transcript will contain specific error codes. Each code represents a different error. Below are the error codes, along with explanations and instructions on how to resolve the errors.

Error code: SBE02

“Initial BOIR already has been filed for the reporting company recorded in the initial BOIR filing. Please try again. If this problem persists, please contact the FinCEN Contact Center for assistance.”

What does it mean?

If you find this code on your transcript, it means the initial BOI report filed for the reporting company has already been submitted.

How to Fix it?

• Please check whether you or your client have already submitted the initial BOIR for the Reporting Company to FinCEN.
• If you are filing an initial BOIR for the first time, ensure the reporting company's Name and TIN are correct.
• If you are not attempting to file the initial BOIR for the reporting company, make sure you have selected the correct “filing type,” such as Correct prior report, updated prior report, or Newly exempt Entity details.

Error Code: SBE03

“FinCEN ID entered in the Initial report for a Company Applicant or Beneficial Owner cannot be matched in the FinCEN data.”

What does it mean?

The FinCEN ID entered for a Company Applicant or Beneficial owner in the Initial BOI Report does not match the existing FinCEN ID.

How to Fix it?

• Check whether you have entered the correct Company Applicant or Beneficial Owner FinCEN ID in the initial BOIR report.

Error Code: SBE04

“Reporting Company information entered in Type of filing Items 1(e)-(h) cannot be matched to an existing Reporting Company. Please try again. If this problem persists, please contact the FinCEN Contact Center for assistance.”

What does it mean?

Reporting Company information, such as Legal name, TIN, and country/jurisdiction entered in the Update Prior report or Correct Prior report or Newly exempt Entity details, doesn’t match the existing reporting company records.

How to Fix it?

• Check whether you have entered the correct Legal name, TIN, and Country/jurisdiction in the Update Prior or Correct Prior or Newly exempt Entity report.

Error Code: SBE05

“Reporting Company information recorded in Type of filing Items 1(e)-(h) cannot be matched to a prior BOIR filing. Please try again. If this problem persists, please contact the FinCEN Contact Center for assistance.”

What does it mean?

The Reporting Company information, such as the Legal name, TIN, and country/jurisdiction entered in the Update Prior report, Correct Prior report, or Newly exempt Entity details, doesn’t match the prior BOIR.

How to Fix it?

• Check whether you have entered the correct Legal name, TIN, and Country/jurisdiction in the Update Prior or Correct Prior or Newly exempt Entity report. For example, if the reporting company previously filed an initial report and then an updated report, the reporting company information in the next updated report should match the reporting company information provided on the most recently filed updated report rather than the initial report.

Error Code: SBE06

“FinCEN ID entered for a Company Applicant or Beneficial Owner cannot be matched to an existing FinCEN ID. Please try again. If this problem persists, please contact the FinCEN Contact Center for assistance.” 

What does it mean?

FinCEN ID entered for a Company Applicant or Beneficial Owner on the Update Prior report or Correct Prior report cannot be matched to an existing FinCEN ID.

How to Fix it?

• Check whether you have entered the correct Company Applicant or Beneficial Owner FinCEN ID in the Updated or Corrected BOIR report.