Do i have to fill out a BOI for my business

[jon96]

I have an single owner LLC. Do I need to fill out a BOI?

[VolvoGirl]

What is “BOI”?

[DoninGA]

BOI stands for Beneficial Ownership Information. It is a new regulation that requires certain businesses to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.

To report beneficial ownership information (BOI) to FinCEN, you can use the BOI E-Filing website at https://boiefiling.fincen.gov/:

[DoninGA]

If you are a single member LLC that has NOT incorporated to a S Corporation then your business is a disregarded entity.  You report your business income and expenses on a Schedule C which is part of your federal tax return, Form 1040.  You do not have to complete a BOI.