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Beneficial Ownership Information (BOI) Reporting Requirments

As part of the Anti-Money Laundering Act of 2020 and the Corporate Transparency Act (CTA), the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) was authorized to collect Beneficial Ownership Information (BOI) and establish Beneficial Ownership Information reporting requirements for certain corporations, limited liability companies, and similar entities created in or registered to do business in the U.S.

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Important Information for Users of QuickBooks Desktop

If you are using a version of QuickBooks Desktop that was released prior to 2023 and it is not currently billed as an annual subscription, we want to ensure you are aware that Intuit has decided to stop selling QuickBooks Desktop to new U.S. subscribers. You may need to complete a QuickBooks Desktop 2024 subscription upgrade before the deadline to continue using a supported version of the software.

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