IRS Compliance & PenaltiesAnswered

I run a foreign company registered in a U.S. state. After the 2025 BOI changes, am I still one of the people who files?

KD
kei_d9b9new member
June 23, 2025 2,365 views 1 answer
boiforeign-reporting-companyjapanfincenstate-registrationcompliance

I live in Japan and the main company is formed outside the United States, but it is registered to do business in a U.S. state because of our operations there. I keep seeing headlines saying BOI is gone for most entities now, which sounds reassuring until I read the fine print and see references to foreign reporting companies.

What I need is a practical reading of the rule after the March 2025 changes. If foreign reporting companies still file, I want to know what dates and documents matter most so I do not assume a domestic-entity headline applies to a foreign registration structure.

Related Questions

ComplianceAnswered

My foreign company was already registered in a U.S. state before the 2025 BOI rule changed. If we missed the one-time deadline, where do we even start?

I live in Israel and our main company is formed outside the U.S., but it has been registered to do business in one U.S. state for some time. We were so focused on the headlines about domestic companie...

N2
noam_2e42·Jul 5, 2025
1,8901
ComplianceAnswered

My company is formed in the UK and registered in New York. Does that still make me a BOI filer even though domestic LLCs are exempt now?

I am a UK resident and my business is a UK company that registered to do business in New York instead of forming a new U.S. LLC. After the 2025 BOI rule changes, I got confused because everyone now ta...

OA
oliver_afb4·Sep 27, 2024
2,4301
ComplianceAnsweredFeatured

Is my foreign-owned Delaware LLC really exempt from BOI now, or am I reading outdated summaries backwards?

I am in the Netherlands and have a Delaware LLC that I formed in the U.S., not a foreign company registered into the U.S. I kept seeing BOI content everywhere in 2024, so I assumed I would have to fil...

R4
ruben_4812·Sep 25, 2024
4,1201
ComplianceAnswered

What are the penalties for not filing a Beneficial Ownership Information report?

I read that the Corporate Transparency Act requires my foreign-owned LLC to file a Beneficial Ownership Information (BOI) report with FinCEN. What happens if I miss the deadline? I heard there is a $5...

C3
chen_31f6·Apr 2, 2025
1,7801
ComplianceAnswered

Form 843 asks for the code section behind the penalty and I am not sure what to put there. Is that a small detail or a big one?

I can describe the notice and the payment just fine, but the Instructions for Form 843 also say to identify the Internal Revenue Code section on which the penalty is based. That makes me nervous becau...

O5
omar_5f7c·Oct 21, 2025
1,5151
ComplianceAnsweredFeatured

My U.S. controller can move money from our foreign account but does not own it. Is that the kind of FBAR issue people miss?

I live in Germany and own a U.S. LLC with a foreign currency account overseas. We recently hired a U.S.-based controller who has online access and the ability to approve certain payments, but he does ...

LB
lena_bee4·Jun 21, 2025
2,2301
ComplianceAnswered

We fixed the Form 5472 problem after the notice but before the 90-day point. What proof matters most if the IRS still pushes continuation penalties?

Once we realized the notice could turn into an additional penalty timeline, we stopped debating and repaired the underlying problem as fast as we could. The corrected package was sent, the records wer...

IB
ibrahim_b95f·Oct 20, 2025
1,5881
ComplianceAnswered

We now think the platform should have registered as an MSB months ago. Is late registration only an administrative fix, or can FinCEN penalties become serious?

The compliance team has finally accepted that our transaction flow likely falls inside money transmission, but no FinCEN registration was filed when the product launched. Some founders keep talking li...

DD
daria_dc9a·Jan 8, 2026
1,8141
ComplianceAnsweredFeatured

I am surrendering my green card after many years abroad. Does Form I-407 automatically finish the tax side, or do I still need Form 8854?

I am from Argentina and held a U.S. green card for years, although I lived outside the United States for much of that time. I am now planning to file Form I-407 because I do not intend to keep the gre...

M1
martin_1ece·Feb 27, 2026
2,2651
ComplianceAnswered

We got a CP148B at the old address after changing payroll records. Is that a warning sign or just confirmation?

Our business recently changed addresses and we also filed an employment tax return that reflected the new address. Now a CP148B has shown up at the old address, which caused instant concern because th...

B1
blair_1ee4·Apr 12, 2026
1,8101

Have a similar question?

ForeignLLCTax members get expert answers with IRS citations. One CPA consultation costs $200+. Full access is $9.99/month.

Become a Member — $9.99/mo

Disclaimer: All content on ForeignLLCTax.com is created by a tax professional and is provided for general educational and informational purposes only. It does not constitute tax, legal, or accounting advice, and should not be relied upon as such. Every tax situation is different — for advice specific to your circumstances, please consult a licensed CPA, Enrolled Agent, or tax attorney. By using this website, purchasing a subscription, or accessing any tools or services, you acknowledge that no client-professional relationship is established between you and ForeignLLCTax.com or its operators. This website is not affiliated with the IRS.

Watch the walkthroughs