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July 14, 2022
Question

I need to take the tax amount today for federal tax payment, can you help me to fix this?

  • July 14, 2022
  • 1 reply
  • 0 views
our federal tax payment due date is 07/15/2022 when i scheduled today it will withdrawal on 07/18/2022 with penalty, is this possible to take amount today from QBO? can you please help me to fix this issue?

1 reply

July 14, 2022

Allow me to assist you and share an alternative method for paying your federal tax payments, divya.paul.

 

Based on the scenario, it looks like your payroll is set to automatic payments. Let's turn it off temporarily and pay your taxes through EFTPS (Electronic Federal Tax Payment System) to prevent incurring a penalty. 

 

Here's how to turn off automatic tax payments:

 

  1. In your QuickBooks, head to the Gear icon in the upper right to select Payroll Settings under Your Company
  2. Go to the Taxes and forms section and click the Pencil icon to view more details.
  3. Uncheck the Automate taxes and forms box.
  4. Choose how you plan on making your tax payments and filings.
    *I'll initiate payments and filings using QuickBooks.
    *We’ll let you know when your tax payments and form filings are due. You'll see reminders in your payroll to do list. When you're ready to pay or file your payroll taxes, see steps in Pay and file payroll taxes online.
    *I'll pay and file the right agencies through their website or by mail.
  5. Click the Save button for the changes to take effect.

 

For more information about the process, you can go over this article: Manage automatic tax payments and form filings.

 

After creating the payment, make sure to track it in your company to ensure that your tax and payroll records are accurate. If you encounter any issues deactivating the automatic tax settings, I recommend you get in touch with our Payroll Support Team for further assistance. This is to prevent the payroll service from withdrawing funds from your account.

 

You can use the QBO Payroll Hub for future reference. It includes articles that will teach users how to deal with tax notices, process payroll, and manage employee information, to name a few.

 

If you require additional assistance while working in QuickBooks or with payroll, click the Reply button and enter your comments. I'll get back to you and make sure you're taken care of.