TaxBandits Knowledge Base

What is BOIR Protect Membership?

TaxBandits has partnered with Protection Plus to offer a year of compliance coverage for BOI reports.  If you’re a tax professional with a TaxBandits PRO account, you can activate BOIR Protect Membership to activate the protection plan for all the upcoming BOIR reports you file for your clients.  By activating BOIR Protect, you can safeguard yourself and your clients from FinCEN notices and penalties.

What BOIR Protect Offers?

• $1,000,000 BOI Filing Defense – If you receive a notice or inquiry from FinCEN related to your BOI filing, this coverage offers up to $1,000,000 in services to resolve the issue.
• $10,000 Preparer Error Guarantee – If a legitimate error in preparing your BOI filing results in regulatory fines or penalties, participation in this program qualifies you for reimbursement of up to $10,000 for amounts you pay due to the error.

Note:

• Once activated, all your clients' BOI reports will be automatically covered under this protection.
• No additional charges will be applied to activate the subscription; the pricing will be included in your BOI filing fee.
• You can cancel the membership at any time.