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April 8, 2024
Question

Does QuickBooks online payroll support filing form 8974 for small businesses?

  • April 8, 2024
  • 1 reply
  • 0 views
if my accountant filled the form 6765 with payroll tax credits for previous tax year?  Does intuit Quickbooks payroll supports filing form 8974?  if not, how should small businesses get refunds?

1 reply

MariaSoledadG
April 9, 2024

I'll provide some information about 8974, Qyin. 

 

For now, QuickBooks Online Payroll (QBO), doesn't support the filing of Form 8974. You can let your accountant manually file the previous tax year outside QuickBooks to your designated agency or state. 

 

You'll want to record a deposit for the refunds that you receive for your small business. To do so, follow the steps below:

 

  1. Click + New.
  2. Select Bank Deposit.
  3. From the Account ▼ dropdown, choose the account you want to put the money into.
  4. Tick Save and close or Save and new.

 

To know more on how to record bank deposits and combine transactions in QuickBooks, read this article for more details: Record and Make Bank Deposits in QuickBooks Online.

 

Furthermore, learn how to add and match your bank transactions, I've added this article for additional reference: Categorize Online Bank Transaction in QuickBooks Online.

 

You can always get back to us if you have any questions about filing payroll forms. I'll always be right here to help.