Question
Who pays the FUTA correction to IRS after Intuit adjustment?
On 2/14 Intuit made an adjustment to our payroll and created a check paid to “QuickBooks Payroll Service” for FUTA correction connected the previous year. The money was taken from the company account, so we were thinking that the subject had been completed. But just a few days later we received a letter from IRS standing that we owed:
- the amount that Intuit just took from our account
- + "failure-to-pay penalty"
- + "interest charges"
My questions are:
- Who pays the amount to IRS? Since the money was already taken from our account by Intuit I would think Intuit had to transfer this money, right?
- Now, who pays the penalty and interest fees? We are on automatic payroll mode, so I assume it is Intuit who is responsible for all payments to be done on time, correct?
- Less important but also to resolve: my payroll report is off by the amount of the adjustment made by Intuit. It has been posted as a check but what should I do to make my report correct?
