The Beneficial Ownership Information (BOI) Report is mandatory for many businesses under the Corporate Transparency Act (CTA).
Stay Compliant with BOI Report Filing!
Our experts ensure a quick, accurate, and hassle-free filing process, keeping you compliant with FinCEN regulations.
File Your BOI Report NowWho Needs to File a BOI Report?
The BOI Report is required for most U.S. businesses, including:
- ✅ LLCs & Corporations registered in the U.S.
- ✅ Single & Multi-Member LLCs
- ✅ Foreign entities operating in the U.S.
- ✅ Non-exempt small businesses
✅ Newly formed businesses in 2024 & beyond
🔹 If your business is NOT exempt under FinCEN’s rules, you must file a BOI Report.
How Our BOI Report Filing Service Works
Eligibility Check
- We assess if your business must file a BOI report.
Information Collection
- Submit required ownership details securely.
Report Preparation
- Our experts review & format your BOI report.
Filing Submission
- We file your BOI report with FinCEN on your behalf.
Documents Needed for ITIN
- ✅ Passport
- ✅ National Identification Card
- ✅ Birth Certificate
- ✅ Visa or U.S. Entry Documentation
Benefits of Having an ITIN
File U.S. Taxes Legally
If you earn income in the U.S., an ITIN ensures IRS compliance, helping you file taxes and avoid penalties.
Open a U.S. Bank Account
Many banks require an ITIN for non-residents to open business or personal bank accounts in the U.S.
Claim Tax Benefits & Refunds
ITIN holders may qualify for certain tax credits and refunds, reducing overall tax liability.
Secure Investment Opportunities
Foreign investors in stocks, real estate, and businesses need an ITIN to file required tax returns and avoid withholding penalties.
Support Residency Applications
Having an ITIN and filing U.S. tax returns can demonstrate financial history if you apply for a visa, residency, or mortgage.
Start & Grow Your Business
Entrepreneurs and foreign investors can use an ITIN to form an LLC, pay taxes, and establish business credit in the U.S.
Frequently Asked Questions
How long does it take to get an ITIN?
The IRS typically processes ITIN applications within 7-11 weeks. Processing may take longer during peak tax seasons.
Can I use an ITIN to work in the U.S.?
No, an ITIN does not grant work authorization. It is strictly for tax filing and identification purposes.
Do ITINs expire?
Yes. ITINs expire if:
- They haven’t been used on a tax return in three consecutive years.
- They were issued before 2013 and need renewal under IRS guidelines.
Can I apply for an ITIN without a tax return?
Yes, in certain cases (e.g., dependents of U.S. citizens or treaty benefits), you can apply without a tax return, but you must provide supporting documents.
How can 4SYTE Tax & Biz Consultants help me with my ITIN application?
We handle the entire ITIN process, from form preparation to submission, ensuring a smooth and hassle-free experience.