Taxes

Can I file 2023 1099's with an older version of QuickBooks? 

I'm in Colorado and I've been audited. Through this process, I realized that the sales taxes prefilled in QBO are incorrect. I am in the process of turning off sales taxes or at least setting up my own sales tax jurisdictions to override the sales tax shown on the invoices. I can add a Custom Rate, but QBO does not allow you to CREATE an Agency. This is where the trouble begins. There are multiple cities in Colorado that have different counties with different tax rates, so if you just choose the city, it is a one size fits all rate, so it is not calculating the correct amounts in the reports. There are also special taxing districts. So, there is no "Agency" that accurately shows the tax that should be collected for every taxing jurisdiction. I have contacted QBO multiple times and all the reps can do is "GOOGLE" sales taxes and find a general answer. I have started a spreadsheet to enter all of the tax information to use for tax reporting. How have others dealt with this? 

I'm receiving error "You have either selected a tax liability account on a transaction where it's not allowed, or haven't specified a tax rate along with it" when I try to match my tax payment expense with a required tax payment.

I have a tax exempt customer that is buying an item that will in fact be taxable because they are not selling it.  How do I make just one invoice taxable?

In South Dakota we have a general sales tax rate and a tourist sales tax rate. The latter applies to short term lodging and various vacation attractions. Both of these taxes are paid to the state treasurer (the vendor). When I show sales tax liabilities to pay them, both tax rates show up on separate lines. However when I want to make an adjustment, I have not found a way to select which rate I want to adjust since both taxes are paid to the same vendor (the state treasurer). Is there a way to select a particular tax liability when they are both paid to the same vendor?

Hello I received a Sales Tax Overpayment Refund for Q1 and I'm curious as how to deposit it and what to code it to.  If I look at my sales tax liability for Q1 I'm in the negatives because I overpaid on prepayments, am I supposed to deposit this back into Sales Tax Payable so it evens out? Or does this throw off sales tax at all in any certain way.I'm pretty sure that's the right way to do it but i'm not 100% sure.

I'm a one person company; owner is the only employee. Was forced to upgrade from Desktop 2017 to online in May because Intuit stopped supporting payroll in 2017. The last monthly paycheck entered into desktop was 4/15/20. With Covid disrupting my business it unfortunately took a month to figure out the migration, so now I'm trying to catch up on payroll. The 5/15/20 paycheck is dated and been sitting on my desk for a month but I needed QB payroll to tell me the dollar amount which desktop stopped doing. Now I'm finally online but QB won't let me enter a payroll check dated 5/15/20 because it was 35 days ago. Keep getting an error, "You’ve picked a pay date that may cause you to make a late tax payment and incur a penalty. Try choosing a date closer to today’s date," and it forces me to go back a screen. 5/15/20 *IS* the date I need entered into QB for this check, PERIOD. If there's a tax penalty, that's my problem and I'll deal with it. How do I get past this screen and record this pay

Several months ago I put in a ticket with QB regarding the total sales on my sales tax liability report not tying to my sales reports and actual data. We are going on 5 months with no resolution. I got an email for QB indicating they are closing this issue unresolved -- though they might resolve it in the future.  I have learned to calculate my own taxes and not trust QB. I am wondering if anyone else has had similar problems with other reports or if it is just limited to the Sales Tax Liability Report being incorrect.

An employee is completing a new 2020 revised Fed W4 for withholding.  Step 3 on the FedW4 form says “multiply number of other dependents by $500.   Employee entered $1,000 (2 dependents) as instructed.  My question is when entering their choices into Quickbooks desktop under 'employee center', 'payroll info', 'taxes', do I put in a 2 or $1,000?  Is Quickbooks asking for a $ amount of the # of dependents?  

Hi! This is my 1st time working through the Texas Workforce Commission's Quarterly Tax on my own. I was only shown this once previously and all was well. However, my extensive notes didn't prepare me for the issues that have presented themselves. Please see the attached PNG of the Wage Report Worksheet. 1.) I don't understand why only 1 employee has taxable wages, when the others do not! Should they? How do I change this? 2.) There is an Employee completely missing from the form! How do I add this employee? I apologize in advance, I have extensive accounting experience but have never dealt with payroll nor payroll tax before taking this position. I just want to do everything correctly, to the best of my ability and hope to learn as much as possible in the process!! Thanks in Advance for any/all help provided! Have a Blessed Day!

I paid our federal taxes for our LLC in April for the 2021 return. How do I record this transaction that was made through our credit card? Does it get recorded to Taxes and Licenses? if not, what account do I record it to?thank you

Can I delete sales tax payments in Quickbooks Desktop and recreate it with the adjustments that matches what my tax agency says it should be?

I have an employee filing as Head of Household. He has two dependents, so box 3 is $4000 No other deductions, no other adjustments or other extra withholdings. His year to date gross earnings are over $27,000 No federal income tax has been withheld year to date. Quickbooks is not calculating or withholding any money from his paycheck nor paying any taxes to the IRS for this employee. How can I correct this?

I filed my quarterly sales tax late and received a $50 penalty. The late filing penalty was added to the balance due for the sales tax and I made one payment for both the tax I owed and the penalty. I now need to record that sales tax payment in QuickBooks but I don't know how to record the $50 penalty. Normally when I record the sales tax payments if the amount I paid to the state was any different than what QB says I owe, I could just click the Adjust button and record the sales tax adjustment. But in this case the extra $50 that I paid is not a sales tax adjustment, it isn't an extra $50 in taxes that I paid, it's a $50 penalty. I'm not sure what to do.

Need help to record this refund from income tax department.

We sell in various States using Shopify POS set to the location of the sale.  Shopify calculates the sales taxes based on the POS location.    We use the app, "QuickBooks Online by OneSaas" to push Shopify data to QBO.  QBO Automatic Sales Tax is on in QBO, each state is entered in sales tax settings and has a corresponding Sales Tax Payable Liability account yet QBO does not apply the taxes to the correct accounts.  The easy solution is to disable Automatic Sales Taxes so we could map the tax settings in the app but QBO will NOT allow it to be disabled (which is SO WRONG because it doesn't work correctly!) So, being STUCK with QBO automatic sales tax, I need a QBO solution.  The goal simply is for taxes collected for each various state to be applied to the corresponding QBO account for each various state.  Surely there's a way, we can't possibly be the only business that collects sales tax by POS location vs Customer address!! 

After we processed some returns, in the Pay Sales Tax, under the State Tax, we have a Negative Amount Due. How do we Zero it out?   If we go to Company > Chart of Account > Sale Tax Payable > you will see the ending balance -xxxx.00.  What accounts should we use to zero this out on?  Please advise, thank you!

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QBO - how do you view the tax rate in Quick books online?Taxes > Sales tax center, Sales Tax Settings - there is no field here to view/change the tax rate. 

So I just started my Healthcare Savings Account this year.  It's plain and obvious how to categorize an HSA contribution using the self-employed app.  But of course when I actually pay a medical expense from my HSA, the app asks me to categorize that as well.  What category does that fall under?Thanks in advance!

I have QB On-line.  I offer health insurance to our employees - we pay part, employee pays part.  Ohio business.   Nothing fancy about health care - no savings, just plain jane health insurance.  I want to deduct the amount from the employee's check indicating his portion of the premium each week.  As I understand this would be PRE tax.  I understand about putting in the amount that comes from the employee and how much I pay when setting up.  I am receiving conflicting information about how this should calculate my taxes.  After the health insurance is deducted from the GROSS pay, how are the taxes affected?  ie - what is federal, social security, medicare, deducted from - all from the gross pay, all from the adjusted pay, or different depending on the tax?  I have read TOO much and am overwhelmed now.  We will start here - and then I will probably have more questions - that is just how I am. 

I know this issue may be simple but I cannot find anything online about it and my chat session with QBSE was unhelpful.In short, I'm self-employed, my wife is not. I filled out the QBSE profile and entered my wife's information including her W2 income. However, QBSE never asks how much is being withheld from my wife's annual salary. And what I think QBSE is doing, is assuming her income is additional income that needs to be added to mine to calculate quarterly taxes. So, on 120K annual income, I end up paying a little more than 42K at the end of the year (around 10K per month). That's a 35% tax bracket ... it doesn't even make sense even if she didn't pay taxes but she has a normal job with taxes, insurance, etc. withheld each month.For the last 2 years I get this incredible refund around April 15 but I'd rather get a much more accurate quarterly tax schedule. Honestly, my work is very simple ... no employees, some mileage reports, routine invoices for services only (no products being

I keep receiving error code 2147221164 Class not registered when trying to run a tax form worksheet in Excel.  We use a manual payroll and the report ran correctly in April 2020.  I called the Desktop help and they told me it was a Payroll issue and the payroll people told me they could not help me since we do not have a payroll subscription. Any ideas how to fix the issue

I am unable to find the tax checklist on my homepage.  I've gone through every bot on the website and still it does not show up.  I want to transfer my QBSE data to Turbo Tax

In setting up Employees, there is a field on the State Taxes tab for Extra Withholding. What is the purpose? Why is it here rather than at the Federal level?