File The BOI Report Yourself Step-By-Step - Don't pay someone! [FinCen new LLC filing requirement]

[@businessfinancecoach]

This video is HOW to DIY - for all the details about the rules, see this video: kzbin.info/www/bejne/nZC6c6mnfqytrpI

[@MrDmacc1]

Why do some videos say we must create a fincen ID? Just curious, I know you mentioned it's not required unless we have multiple companies. Thanks in advance for your help

[@chengdutakashi3049]

Companies scare and scam you to pay $125 for filling this form...I did it myself...it is so simple. Thanks you so much Coach!

[@PanelsUpSolar]

Shoot! My accountant wanted over $900 HA HA

[@Chloe-qn2nx]

@@PanelsUpSolar You need a new accountant

[@PanelsUpSolar]

​@@Chloe-qn2nx It cost me $0 - we just did it ourself

[@WoutervanTiel]

You know it is STUNNING that Fincen does this and doesn't tell anyone about it. I had to find out by accident from a friend. Why can't Fincen first off just download the records from all the states? The information is already there! Second why can't they at least let people know via email as those are already in the systems at the states and then the FINES holy cow 499 per day! That's my entire food budget for a MONTH.

[@ozzstars_cars]

Companies are charging one to two hundy to fill out this simple form. Easy to do on your own. Thanks for the video!

[@sharashermanguest6976]

I had to fill out a BOI for a company I inherited after my father passed away. I am not business savey at all, and this video was SO HELPFUL!

[@sigmanuguy]

Thank you, Amanda. Even though I'm a CPA, I found the BOI site confusing (no surprise there...). You are a wonderful teacher, and I look forward to seeing more of your videos. God bless you!

[@lorena8680]

Thank you so much for this video, it helped my husband and I file the BOI with simplicity.

[@wpny10606]

Hi Amanda, Thank you, Thank you, Thank you! With the help of your video, I successfully filed the BOI so quickly and easily. I originally started on the government video tutorial and entered a few items incorrectly I started over and your vieo along with your explanation of the tabs made it easy to understand You saved the day!

[@Stars_T5007]

I'm so glad I found this video. The step-by-step guide made filing my BOI a breeze, and I saved a ton of money. I've already liked the video and subscribed to the channel. Thanks again for sharing this valuable information.

[@johnalvitre3154]

Thank you for this tutorial, you just gained another subscriber. As a retired Army Vet. this is new to me and it is nice to have someone hold my hand as I do it. I know lots about lots of military stuff, butt need to learn this for sure. Be well and keep on coaching.

[@richardamos3173]

Thank you for saving me $225!!!! It was super easy to follow your instructions and the form did have a couple of places I'd have hesitated on. Only one issue: Safari did not let me submit it! I switched to Chrome and it went through fine. Thanks again!

[@thomasmcdaniel9860]

Thank you so much for taking the time to be so detailed in every step. You saved me a lot of money 😂🎉

[@victoriayooo]

I was just about to pay $349 thank you!!!!

[@carmenleigh1]

Thank you SO much! I am a bookkeeper and a third party just tried to charge $6,500 for all of the entities.

[@insomniaxpictures]

i was halfway through and you answered the one question I had...in the first couple minutes!😃

[@gothriftyourself8778]

First time seeing one of your videos- you are awesome! Just subscribed!

[@JayGamer27]

I think this filling requirement is being contested in court as being unconstitutional. So for those whose businesses existed before 2024 can probably wait to see if a decision is made before end of year since they have until Jan 1, 2025 to file.

[@WoutervanTiel]

Awesome, this is overreach!

[@ag2wardable]

I’ll wait until Dec 30th

[@norcalpacific]

we're almost at the end of the year so what happened? should you still have to file?

[@handyman206SEATTLE]

So what is the deadline or when are you supposed to report.. When you open your llc? After 30 days you open your LLC? - I have a full year to report? What is it?????

[@JayGamer27]

@ if the LLC existed before Jan 1 2024, deadline is Jan 1 2025. If you created the business in 2024, you have 90 days after the date of creation to file

[@SSMindSeeKING]

Thank you. This was very helpful. Following along your steps, I was able to complete this task. Considering a company wanted to charge $25 to do this for me, your steps were painless and everything was understandable.

[@RoxanBrown]

So much value on your channel. Thank you. I use Northwest registered agent for my business and they are awesome. They emailed me about this filing and offered to file it for me for only $25 but me paying someone to do something is only when I know for sure I can't do it. Your video was exactly what I needed. Thank you. Liked and subscribed.

[@ramsesmedina3894]

Thank you very much for your precise and straightforward explanation. You would only believe that a few accounting firms in the US offer around $750 to prepare and file this BOI report. Thanks a lot!

[@millertoyal]

Thank YOU, truly! I watched several videos before finding yours's, and this was by the far the most straight forward explanation. Even the the tutorial video on their website wasn't nearly as helpful!

[@capstonedigitalmarketing9105]

Thank you! So much better than paying $100 for my accountant to do this! :)

[@SkarlettRedd]

My accout was going to charge me $300 to file this for me...thank you SO much for this video

[@allswelltaxservices]

I was just about to create a video to help clients. Glad I found this. Very helpful!

[@jiabeizhang4154]

Thanks for your help! I did report by myselfe.

[@rogercohn]

Thank you. May have saved me $1K for all my LLC's together. After I file this I will donate

[@patjohnson8508]

I watched several videos on this topic. This is the best one for me. Thank you very much! ❤

[@thegravityartist]

Saved my SBIZZ $150! THANK YOU for the thorough walkthrough. Subscribed and Liked!

[@savannaho722]

thank you so much, you saved me $150. so fast and easy.

[@minns5515]

This is the same website I used totally free much respect to all

[@TheKellySchaefer]

thank you!! I'm a business coach and sending this to my entire email list!!

[@_shonneri]

I just want to thank you so much for these videos, I'll be trying to dissolve my LLC by next year but i was so nervous about this (for no reason.) I did it in the span of 10minutes. I just subbed too! :)

[@homeinspectionadvisor]

Thank you for the clear and accurate instructions. Just completed and submitted thanks to your help! Best Always!

[@ryankoral1580]

AMANDA! I just did a google search for this to share with my community - and guess who popped up?! It's been forever since Graham's mastermind. Hope you're awesome!! And thanks for the video :)

[@businessfinancecoach]

AH! Awesome! Great to hear from you!! Hope you are doing awesome too!!! I am :)

[@mrshunt_thegoodsteward]

Thank you very helpful! Just completed mine. New subscriber!

[@haybalesxx]

Wow that just saved me the $300 my accountant wanted to charge me! Thank you so much

[@gacastillo21]

This was very helpful. Thank you for taking the time to do this and guiding us through the process. Keep it up! :)

[@erickvillatoro9]

Thank you for this tutorial. Very well explained and easy to follow.

[@rebeccafernandez8112]

Thank you!!! Sending this video to friends.

[@doloresmarie7779]

You are the BEST! Thank you so much for your help!

[@monicavanhorn3930]

Perfect tutorial, thank you so much!

[@carolinehaldeman]

thanks so much for this video! very quick and easy to follow

[@Orion3800]

Wonderful video Amanda, your a gem!!! 💎🥰

[@S_GilRodriguez]

You made this so easy! Thank you so much!!😃

[@amandeepsingh3696]

You are amazing. You made a daunting process simple. Thank You very much.

[@johnettefawley4690]

Just completed it, thank you so much!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@glennallan8630]

VERY CLEAR AND CONCISE ,THANK YOU!

[@EllenElze-d9t]

Company applicant section is only for entities created in 2024, not those that existed prior to 1/1/24. for newly created entities, company applicant is the entity or individual who filed papers with their state to create the entity. See Chapter 3 of the FinCen BOI Small Entity Compliance Guide.

[@AdrianMunch]

I haven’t filed a tax return since 2019, mainly because my income source changed and I no longer was eligible for Earned Income Credit and come 2020 I just didn’t do it, and I haven’t filed since. And I probably won’t ever again, Let’s see just how good the IRS is doing their job.

[@andreaxleste]

What if the beneficial owner is an entity? what to put in DOB? and what ID document should we upload?

[@markwilliford5319]

Block "16" Existing Reporting Company blocks out all the Fields. My LLC's were formed in 2023 so do I check this block? It blocks out Beneficial Owners? I put in my EIN and FinCen ID number and my entitiy mailing address and then everything is blocked out? Is this ok?

[@dannyboylan2342]

Done! Thank you! This saved me some bucks!!!

[@acn-channel]

Thank you for the simple instructions!

[@elizabethtorres1205]

you were so great in the explanation

[@LauraVegaAldaba]

You are a AMAZING! Thank you so much, this was so easy and helpful.

[@bgirres22]

Thanks so much! Your video made it simple!

[@jacob4316]

Quick and easy. Appreciate you!

[@h0o0dat]

Very insightful and easy to follow. One question, I put my business address for myself in the beneficial owners section. Should I edit and change to my home address?

[@ElieGhanimeEG]

Thank you so much Amanda for this video! I had an LLC company that is inactive since 2018 was the last time I filed taxes on, also the bank account was closed since then. Do I still have to file the BOI filing? Your answer will be very much appreciated.

[@iblafin]

Thank you! Your video helped me a lot

[@neighborhoodhomebuyers6003]

Thank you SOOOOO MUCH!! very much appreciated and we appreciate you :)

[@kellihogan4465]

THANK YOU!!! I love your videos! You make everything complicated make sense!

[@businessfinancecoach]

Thank you so much!!

[@matthewgreen9871]

What if your business and personal address are the same? is it ok to add same address to residential address?

[@MsHtc2011]

This is where I am stuck also…

[@businessfinancecoach]

yes, that's fine - as long as it's not a po box

[@shantayday542]

Thanks for the video! It was super helpful!!

[@Ignacioforever69]

Thank you!!!’ So helpful and I was able to file

[@RobSmith-ye3rk]

Thanks, we saved a few bucks

[@SabrinaSikes-u7f]

Thank you for the walk through!

[@blaze_eclipse4126]

This was so helpful thank you so much!!! 😢😢😢😢

[@jolenemachado2490]

I formed my LLC on May 2, 2024 and I just found out tonight about this new rule so I just did the form but my 90 days was up on July 30, 2024 . Do you think I will get penalized and that they will follow thru with this since it was a total unintentional late filing since I did not know anything about this

[@slightedlaser546]

i had the same issue where this wasnt communicated to me. So there was no willful intent. i haven't gotten anything even in the mail. i got a text saying i should have filed it lol. im sure you're fine though. they probably have many people who didnt know they had to file, theyd be sending half the working people in the country to jail if it were that serious. and they can't make money on their taxes that they generate if they did that haha. they'll just have to communicate this better to people in the future. i believe 2025 jan 1 is like the main date they're looking for everybody to be registered up.

[@WoutervanTiel]

@@slightedlaser546 FINCEN is absolutely negligent in not telling people about this. They should take the head of FINCEN to the cleaners

[@RobsonDC]

Thank you for sharing it!

[@elisemillie4377]

I believe the Applicant is the person or company that created your company. So if you had a lawyer or accountant file the paperwork to create your company, then THEY are the Applicant, not you.

[@liztran5674]

Thank you! Great video.

[@ericaponder2397]

Is there a fee to file the BOI report if you file yourself?

[@AP-eh6gr]

hahaha, my registered agent wanted to charge me 179$ for this. PS I love your energy

[@Metacations]

Super helpful! Thank you!

[@TheGeneraltigre]

Thanks a lot for your video. Super helpful!!!!!!!!

[@rimommyelect1983]

Can a virtual address be used instead of a home address?

[@lisaloesch4224]

Thanks so much … this was very helpful

[@patm95]

This helped. Thank you!!

[@JosephMWehby]

love your video. Thanks so much for sharing. My question is: I have an LLC that has only one member who is me. That LLC owns a rental property so my accountant include the rental on my 1040 report. Do I still need to do the BOIR?

[@oldRoyaltypewriter]

Very informative. Just one question. What's a PNG file? Can I just take a picture of my driver's license with my iPhone and upload that?

[@dkyland2k]

Thank you Amanda

[@xandecriskim]

thank you so much, helped me a lot. Only issue, I have I live in Brazil, no passport. Did not had any option to fill with drive license from here. but I select foregin passport and add photo of my Drive license. Only way I found.

[@JoyceVining]

Thank You! Easy Peasy

[@rtsolution11]

Need clarification on item 16....if the company exist prior to jan 1 2024 or if you have reported prior to jan 1 2024. This is confusing

[@leannehahn4712]

Thank you, this is very helpful! I may be too literal, but are beneficial owners only individuals (persons) and not other legal entities for purposes of this reporting? I work for a partnership that is owned by two LLCs, do I report the LLCs or the individuals who are owners of the LLCs (or neither) as the beneficial owners?

[@stayhumble6926]

One question my LLC was formed in Delaware but my operating agreement is in New York.. What address should I use the office address

[@serekeeri567]

Thank you for your video! Amanda I opened only corporations name it’s affecting me totally not active please if you have any information.

[@DellanaMetalArts]

So, a SOLE PROPRIETOR biz does NOT have to file a BOI Report? I just want to be absolutely clear on this. Thank you!

[@lnkinc6823]

Great content thank you so much for the video how do we find out more about your courses

[@KarenOrtiz-s8l]

Quick question: If it's not my company ; but the company I work for; do I put my personal address or the company address?

[@DanielKaiser-e4z]

This was a great video

[@aspa2456]

Amanda .. Thank you so much for this video... I have a question for you regarding the beneficial owner(s) when filling out the onlie form. If a Trust is the benficial owner and I am the Trustee of the Trust..... then do I put in my name and information when filling out this part of the form.... or the name of the Trust. ( but if you look at the fields it asked for Individual last name or Entity name... but then has the first name field with a red asterisk...so it is kind of confusing... please let me know your thoughts...

[@justliss1827]

Thank you for this!!!

[@DK-pw7uh]

for address.....can do we use registered agent address? if we run our business out of our home?

[@BusinessGroup-s4u]

For Corporation-type companies, is there any difference or is it also the same as what you showed in your tutorial? Thanks Luiz

[@BrendaEnsing]

What if I did not print or download the confirmation? Do I have to reenter all my personal information again?

[@juiciscandyshop837]

Thank you nice and simple ❤

[@anneckhardt5739]

If I started an LLC a bunch of years ago but never used it, would I still need to file this?

[@salisacotton6113]

OMG THANK YOUUU 🙏🏼💓 for this amazing video 🫡♥️ you’re amazing 🤩.. have an amazing day ❤❤❤🎉