Boi Reporting 2024 Who Is Required To Report Income Tax. Entities created or registered prior to january 1, 2024 have until january 1, 2025 to file their initial boi reports. Both domestic and foreign reporting companies will be required to report and file their boi to fincen.
Under the cta, the following entities qualify as reporting companies: Beginning january 1, 2024, small business owners must follow the new, mandatory ownership reporting requirements enacted by congress.