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January 27, 2024
Question

When will the income tax tab under taxes be populated with the information needed to file taxes.

  • January 27, 2024
  • 1 reply
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1 reply

January 27, 2024

Hello there, @greenfrm. I'm pleased to share facts regarding your QuickBooks Online income tax concern.

 

The income tax tab under taxes in QuickBooks Online (QBO) will populate information needed to file taxes based on the data you have entered into the system. QuickBooks helps you track your income and expenses and estimate your income tax based on the categories you've assigned to your transactions.

 

However, income tax is available under the Sole Proprietor company type. Once you have set up your account and categorized your income and expenses, you should be able to find the income tax tab in the Taxes as QuickBooks calculates income taxes based on IRS guidelines. 

 

You may want to use this page to track your tax report in QuickBooks Online: Run reports in QuickBooks Online.

 

Click the reply button below if you have additional questions about income taxes within QuickBooks Online. I'll be willing to help. Have a nice day, greenfrm.

February 3, 2024

The tab says that the income tax information will be there soon. There’s no report that will create the information for an 1120-S tax return.