We know, we know… it’s been incredibly confusing just understanding what you need to know about Beneficial Ownership Information Reporting to FINCEN.

Are the reports required? Were they canceled? Wasn’t there a court case that said it was unconstitutional?

The answer to all those questions is… yes.

The very latest news is that these filings ARE REQUIRED of most small businesses that have set up some kind of legal entity for their operations (like an LLC or corporation). Even if you operate a single-member LLC that’s disregarded for tax purposes… this might still apply to you! (Note: this isn’t an income tax filing, it’s not a part of filing or preparing your tax return, and it doesn’t get sent to the IRS… so just because you’re getting taxes done–it doesn’t mean you’re completing this obligation!)

The newest deadline is: March 21st, 2025 for most entities.

So what do you do next?

Step One: Click here to take a quick and free assessment to see if your entity falls into one of 21 different exempt categories. If you don’t, then you are likely required to file a report.

Step Two: Decide to either do this filing yourself on the FINCEN website or click the button below to submit a few quick bits of information on our form to have Revel assist you with these filings (and the ongoing year-round requirements to keep them up to date).

Help me with my BOI reporting