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Perf36
January 29, 2022
Question

Help with tax tracking done incorrectly

  • January 29, 2022
  • 1 reply
  • 0 views

Hi, 

 I am a QuickBooks desktop(payroll-enhanced) user and have possibly enter the wrong tax tracking on a payroll item . It is a Colonial Life group confinement that is paid by the company. It is suppose to be post tax and when I set it up at the beginning of 2021 I had it under taxable group term life which I'm pretty sure that is incorrect. I also have some employees that have term life that is a deduction to the employee and I also had that classified as taxable group term life. Now on w2's those two are showing in box 12 code C. The deduction is decreasing box 1,3, 5 and the co paid is increasing those same boxes and the difference of both is showing up in box 12 code C. I have not gave w2's to employees and also have not filied my 4th qtr 941 report. Is there any way to fix this before finalizing everything?

 

1 reply

J
JonpriL
January 29, 2022

Hi @Perf36, I want to ensure you're able to fix the tax tracking of your payroll item.

 

You'll want to contact our Payroll Care Team and work with one of our specialists to pull up your account on file, review it, and make the adjustment needed to edit your payroll information.

 

I want to include that reaching out to our Customer Care Support is best during business hours from 6 AM-6 PM PT Monday-Friday. Use this link for the contact details to connect with our team online: Contact Payroll Support. 

 

I'm adding this reference for tips and guides to utilize in preparation for the coming year-end: Complete Certain Tasks in QuickBooks Desktop Payroll to Prepare for the New Fiscal or Calendar Year.

 

Don't hesitate to post a reply below if you have other questions or concerns with payroll taxes and forms. I'm always around happy to help. Take care and stay safe

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