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T
TBailey
October 9, 2022
Question

Payroll tax adjustment

  • October 9, 2022
  • 1 reply
  • 0 views

My husband and I are total 60% partnership with another person. My husband's truck is not on the business books (because we planned to sell our shares to our partner) so we decided to set up a vehicle allowance. I knew that the allowance was subject to payroll taxes but when I set up the allowance I mistakingly put it under a reimbursement. I ran a total of $4590 under reimbursement before I realized my mistake. I really don't want to count that as a distribution because we would have to give the partner the matching 40% (his truck is on the business books and the business makes the payments). Is there a way to go in and deduct the taxes on the $4590 so it is right and shows on my husband's check stub as a Bonus rather than a Reimbursement?

1 reply

G
GlinetteC
October 9, 2022

Hello there, TBailey.

 

I'm glad to help guide you to the right support who will be able to help you with handling the adjustments securely.

 

You'll have to contact our Payroll support team to check and review the total and provide details on how to deduct the taxes properly. 

 

Here are the steps:

 

  1. Go to Help (?).
  2. Select Contact Us.
  3. Enter your concern, then select Let's talk.
  4. Choose a way to connect with us.

 

I'm also sharing our page about employees and payroll taxes in case you need some additional references.

 

Get back to us if you have other payrol-related concerns or any questions. The Community is here to back you up.

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