How do I apply an adjusted refund from the IRS?

Let me help share how you're able to apply a refund, @jp5447.

You can create a bank deposit to apply or record the refund you received from the IRS. I'll show you how.

1. Go to the +New button.
2. Under OTHER, select Bank deposit.
3. On the ACCOUNT column, select the taxes paid expense account related to your payroll.
4. Enter the amount of the refund.
5. Click Save and close.

However, I'd still recommend contacting your accountant for guidance in choosing the account to use. They can help you decide what to choose based on your business type and account practices done.

If you haven't yet, here's a link you can use to find who you're able to work with near you: Business is Better with a ProAdvisor.

I'm adding this article with the topics to use in understanding the common tax payment and form filing questions: Get Answers to your Payroll Tax Payment and Filing Questions.

It'll always be my pleasure to help if you got questions other than recording a payroll tax payment. Use the Reply option below to leave a comment so that I can assist you.