Below you can find current information on this feature.
Edit: As of March 2, 2025, the US Treasury Department will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule. Read more here.
We have removed language from all existing tasks about the March 21st deadline, and are no longer auto-adding BOI eFile Tasks in Returns, even if the Firm has opted in.
Feel free to reach out if you need help adjusting your existing tasks.
--- NO LONGER CURRENT ---
As of February 19, 2025 - Beneficial ownership reporting requirements are back in effect, with a new deadline of March 21. Read FinCEN's Official Notice.
--- NO LONGER CURRENT ---
Truss has made it easy to include a reminder to file for BOI as part of the Return Delivery Process!
If you opt-in, your firm will automatically include out an additional "eFile FinCEN BOI Report" task as part of the return.
You can opt-out at any time in your Organization Settings.
This is what your client will see if you add the BOI eFile Task to their return:
Clicking "Start" will take your client to a streamlined form experience similar to the Questionnaire.
We have found exceptionally high rates of completion over thousands of submissions with this approach - all with no handholding for you!
FAQ
Q: Can I remove the task for particular clients?
A: Yes, even though the task will be included by default, you can always hit the trash can on the top of the task for clients that you know don't need it.
Q: What if the client has already filed?
A: No problem! They will have the option to mark as N/A, and you will be able to feel good that you've helped them to stay compliant.
Q: Can we change the setting so a BOI task is not included by default?
A: Yes, you can click "Default Off" below or change it later in Settings.
Q: Does this filing service cost money to the firm?
A: Quite the opposite! Your firm will get paid $75 per filing.
Q: Do clients have to pay for the service?
A: Yes, if they choose to use the service, clients pay $349 ($75 of this goes to your firm as a revenue share).
You can read more on our dedicated BOI e-File website here - no need to sign up - as a Truss firm, you have full accesss to all the BOI e-file features, right from Truss!