I opened a business (name and tax registration) in 2020. It was something I thought I would want to pursue long-term but never did anything with it. I never made any money, and at most, I made a website.
Anyway, my business status was revoked at the end of last year/early this year (2023/2024), and I’ve never filed a tax return because no money in and no money out = nothing, per the rep from HR Block.
I just found out about the BOI form and the legal requirement to fill it out or be fined $600 or even go to jail. I’m stressing and want to throw up.
Do I have to fill this out for a revoked business that makes/made no money? What do I do? I’m terrified of getting into criminal and/or legal trouble.
In the time it took you to write this post, you could have just filed the BOI report and been done with it. (If BOIR gets reinstated, you will be required to file a BOIR based on the information you provided).
@Valentine
What’s your social security number? Don’t tell me how it’s not necessary for me to have it, because if you do that, it would’ve taken you more time than just writing your SSN out in the reply. So use your own logic and write your SSN below.
Valentine said: @Tan
I’m not sure why you’re being downvoted, you’re making a very good point.
The report doesn’t ask your SSN…
It does ask for your DL #… And that’s beside the fact that some people might not be interested in giving more information to the federal government than necessary (though it doesn’t sound like this was OP’s issue).
As another Redditor pointed out, the injunction was reinstated, so there is no current requirement to file the BOI report. That might change tomorrow, next week, next month, etc., as things go back and forth in litigation.