Understanding BOI Reporting Exemptions
- If my legal entity only passively holds property - and is otherwise inactive - do I need to file BOI?
- Is my business too small to be required to file a BOI report?
- Does a reporting company qualify for the large operating company exemption if it is run from a personal residence?
- Does a company qualify for the large operating company exemption if it has not yet filed its Federal income tax or information return for the previous year?
- Compliance Quiz - How do we determine if we are exempt from filing a BOI report?
- Are some companies exempt from filing a BOI report? Who is exempt from filing a BOI report?
- What are the rules for Control Groups or Affiliated Service Groups? Can I combine companies to determine the 20 full-time employee exemption?
- What is the definition of Full-Time Employee? How do we know if we are exempt using the 20 full-time employee test? Large Company Exemption test for full-time employee counts.
- What are the exemptions under the Corporate Transparency Act?
- If my company qualifies for an exemption after an initial BOI filing, what should I do?
- If a reporting company's size fluctuates below the thresholds for the large operating company exemption, does it still need to file a BOI report?
- How long does a previously exempt company have to file its initial BOI report if it loses its exempt status?
- What are the exemptions from filing a BOI report?
- What is the Large Operating Company Exemption?
- Does a subsidiary partially controlled by an exempt entity qualify for an exemption?
- How does a company inform FinCEN that it qualifies for a BOI reporting exemption?
- Can employee counts from related companies and/or control groups be combined to qualify for the large operating company exemption?
- Is filing a FinCEN BOI report necessary for inactive companies?
- Are inactive entities exempt from BOI requirements? What is an inactive entity exemption?
- What is the subsidiary exemption? Are subsidiaries exempt from BOI requirements?
- What are the criteria needed to qualify for the subsidiary of certain exempt entities exemption?
- Are tax-exempt organizations exempt from FinCEN's BOI reporting requirements?
- What are the steps to take if my company qualifies for an exemption after filing an initial BOI report?