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Steven T1
Level 1

How do you BOI reporet through Quickbooks

Can anyone answer the above?

 

5 Comments 5
Eman_E
QuickBooks Team

How do you BOI reporet through Quickbooks

There aren't direct steps to determine if you need to file the form or what information to include, but you can utilize the questionnaire and use our filing system, Steven T1. I'll provide additional information on this.

 

The Beneficial Ownership Information (BOI) form is submitted to the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of the Treasury. Its purpose is to make it more difficult for individuals engaged in illegal activities to profit from unlawful businesses or practices. To assess whether a company is required to file, we will provide a short questionnaire, followed by the filing if needed.

 

Moreover, for more information about the BOI report you can visit this article: The Beneficial Ownership Information (BOI) report: What small businesses need to know.

 

I'm still here to back you up if there are any updates about filing the BOI. Just visit this forum anytime, and I look forward to supporting you.

bbbleelow
Level 1

How do you BOI reporet through Quickbooks

I need to know how, or I need to have someone do it for me

 

FishingForAnswers
Level 9

How do you BOI reporet through Quickbooks

@bbbleelow  The following is the link to the website you should be using to file your BOI. You can find instructions there: https://www.fincen.gov/boi

 

You will need information for each of the relevant Officers, including images of their driver's licenses.

 

It is a free and fairly painless process, so I can't imagine you'll have any real trouble with it.

 

If you like throwing money away, there are plenty of companies that sprang up overnight to handle this for people for the small sum of $150.00, though good luck finding one you can trust to actually do it.

CarlSJ
QuickBooks Team

How do you BOI reporet through Quickbooks

Filing BOI promotes transparency in business operations and I'm glad to provide more details below, so you can file your report, @bbbleelow.

 

If you're required to file the BOI report with the Financial Crimes Enforcement Network (FinCEN), you will do so electronically through a secure filing system available via FinCEN’s website. To access the BOI E-Filing system, kindly visit their website: https://fincen.gov/boi.

 

On the other hand, the BOI report can now be conveniently filed through both QuickBooks Online (QBO) and QuickBooks Desktop (QBDT) platforms. This streamlined process allows businesses to easily comply with the requirements set forth by the Corporate Transparency Act. However, it is important to note that there is a filing fee associated with this service, which amounts to $150.

 

If you're using QBO, you can follow these steps:

 

  1. Sign in to your QBO account.
  2. Go to the Settings icon.
  3. Select Resolution Center.

    Resolution-Center.png

 

If you're utilizing QBDT, you can easily access the BOI reporting feature through the Company menu.

 

Also, if you require additional assistance or prefer guidance throughout the process, feel free to reach out to our dedicated support team. Our knowledgeable representatives are well-equipped with the necessary resources and are ready to help you navigate any challenges you may encounter.

 

Here's how to contact our support:

 

  1. Sign in to your QBO account.
  2. Go to the Help icon on the upper right part of the page.
  3. Select the Search tab and click on the Contact Us button.
  4. Select the topic to connect with the appropriate expert.
  5. Choose how to connect with our support:
  • Via Callback, where they save you a spot and call you back
  • Via Chat, to start a chatting session with our support

 

For the QBDT support team and the working hours for both QuickBooks products, kindly visit this page: Get help with QuickBooks products and services.

 

Financial reports provide a concise snapshot of your business's overall health and performance. This article can assist you in monitoring key indicators and making informed decisions to drive your business forward: Run a report.

 

By proactively filing and maintaining accurate BOI records, you can avoid complications during audits or investigations. Still have questions? Never hesitate to share it with us. Wishing you all the best.

FishingForAnswers
Level 9

How do you BOI reporet through Quickbooks

@CarlSJ  "However, it is important to note that there is a filing fee associated with this service, which amounts to $150."

 

Given that the (absolutely free) filing process takes maybe 15 minutes if you stop for a snack, it must be nice to get paid $600.00 per hour.

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