Taxes
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For some reason, my property tax payments are not showing up in the P&L report. I tagged the correct account. They show up in my 2020 P&L. I know I must have done something wrong by my investigation shows that I entered them the same way in 2021 as I entered them in 2020 and yet they are not showing up in the profit and loss.Some years I make the payments in two installments some years I write one check. I've investigated back five years and whether I wrote two checks or one check, property taxes shows up in the P&L of all those previous years. Just not 2021. I am stumped.
For some reason the IRS didn't have record of my 1st and 2nd quarter 2018 941 payments. They sent me a mailer and I mailed to them in return, the bank statements showing the monies paid. Now I got a letter from them saying that they received the monies, but there is no 941 for period ending March 31, 2018. Last year I did all of my payroll stuff using my QB payroll subscription, so it was all e-filed. How can I manually print out a copy of the 941 from 1st quarter 2018 which was electronically submitted? I want to mail this to them. Thanks!
I've received credit for a quarterly tax; is there a way to enter this as a credit for next quarters taxes?
Will any patches or updates be made available for those that use QB Pro 2017 Desktop so we can print the latest version of the 1099-NEC forms? For the 2020 tax year, there was a work-around that we used by changing the box numbers so the amounts would print correctly on the NEC forms. But now I've been told the IRS has changed the NEC forms yet again, to print 3 per page, that we will have to use for the 2021 tax year. The work-around will no longer work. Will Intuit offer any assistance at all to those of us with slightly older versions of Quickbooks so we can print our tax forms?
Our company switched from paying contractors by check in QB Online to using Bill Pay Online (i.e., Bill.com) in 2020. The 1099-NEC's generated by QBO excluded all of the payments made through Bill.com from our company's 1099's. The Help function indicates that the third party processor (Bill.com) would issue a 1099-K. None of our contractors have received a 1099-K from Bill.com though. Will Bill.com issue a 1099-K or should those payments be included in the 1099's that the company generates? If the payments should be included in the company-issued 1099-NEC's, how do we make the adjustment in QBO?
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Hi there,We use QuickBooks Desktop. We process our payroll through QB, but make our own tax payments. Early in 2021, the previous bookkeeper paid the 940 amounts along with the 941 amounts. We caught the error and received the over payment in the correct quarter. But now at the end of the year, the 940 amounts are lower than actual. The payments that were made for 940 we marked paid, but really were not. So now the amount due for 940 is much lower than the actual. I tried creating a journal entry, but it did not work. I have researched and found that I am supposed to make an adjustment in the payroll section. How do I adjust this? Thank you!
It's 1099 time. How do I print the 1099-NEC forms in QB Premier Plus Edition 2021? I have five vendors I need to send the forms to. Do I put the forms in the printer as one Copy A, one Copy B, one Copy C, then repeat that five times or do I put in five of the Copy A pages, five of the Copy B pages, and five of the Copy C pages? Do I print out the 1099s one at a time or can I do it all at once? Also, what about the 1096 form? When and how is that one printed out? Does the QB Premier Plus have the option for that? I haven't been able to find it. Will the option to print it out pop up automatically or will I have to scrounge up a typewriter and type in the information? Also, can I reprint a 1099 if this doesn't work?
I just spent an hour with Quickbooks tech support trying to get all of my contractors to show up on the 2020 1099-MISC, but was unable to get it to work. I verified the 1099 box was check in the vendor details, that the amount exceeded the $600 threshold and had a valid payment type (check), and that I selected the expense account on the 1099 configuration screen. On the "review" screen, the missing contractors show up on the "1099 contractors below threshold" list, and the report show Total Payment and Director Sales amounts higher than $600 with nothing excluded. Seems like Quickbooks is broken. For entertainment, see the transcript from my tech support session.
I just finished chatting with a support tech regarding the release date of the update for the newly required 1099-NEC form (replaces 1099-MISC for payments to non-employees). They advised that the expected update will drop on 12/17/2020. In other Q&A entries, I noticed QB employees referencing that the update will incorporate the new form within the Payroll module. Is that correct? Wouldn't the update just enhance the existing 1099 Wizard found in the Vendor Center? Will I be able to e-file 1099-NEC/1096 through QB?
We failed to charge sales tax on several invoices that have already been paid, now that sales tax is due we will have to pay these out of company's pocket. How do I make this entry in QB online?
When I did the 4th qtr 941 I had an overpayment. But when I run the 1st qtr report it does not pull forward, How do I fix it to show up?
I use Quickbooks Core and I can not figure out how to change box 20 for employees who have paid taxes to a specific city. It appears QB is using part of the city name, which is actually a different city all together. So it looks like they paid to a totally different city then what they actually did. I have researched this and it says to go to "gear icon" then "payroll settings" then "local taxes" but I do not show a local tax section.
QB Desktop 2019. I went in to run 1099 report. No vendors. Went to check mapping. There is no drop-down option for any 1099. Checked update. Updated. Tried creating new expense category, still no drop-down 1099 tax mapping option. So frustrated!
Is there a way to all past sales tax payments? It gives me option to see only current or previous year: And under Recent Payments it shows only the last 6 payments. Thank you!
I use QuickBooks Mac Desktop. When creating invoices, the Invoice form will not calculate the sales tax, even though the customer is marked as taxable. The correct sales tax description and amount appear at the bottom of the invoice but it is not calculated into the total amount being charged.
We owe state and federal payroll taxes for 2019. How do I add the interest and penalties in Payroll?We have been making monthly installment payments. How do I enter this?
So our sales tax =9.2% if I plug in the city tax 2.9% and county of 6.3% =9.2% for the sales tax groupsome invoice amounts the sales tax will round up or down a penny.But if I make a sales tax item of the 9.2% it is perfect.Is there any way to fix this?Will it mess up my TPT when filing each month because we collect a few more pennies than we should?Thanks!
If I record the amount as paid, then my bank registry is off because no money actually went out, but if I record no money paid since a credit was used, then the balance remains in the sales tax center.
We are posting the invoices through Integration, for some invoices the Sales tax rate is not calculated automatically even the mentioned address also correct, for that invoices if we edit and paste the same address at that time it was calculating the Sales Tax rate automatically. kindly give us the solution for this while posting the invoice itself we need to add the Sales Tax rate.
Last month, I paid state and federal payroll taxes online, as I have done previously. But I received an overdue status in Payroll Liabilities. What can I do so that each journal entry for these payroll taxes that I paid last month is properly identified as payment of payroll taxes? It used to work automatically. What is the best way to record the online payments I just made in QB, so that the taxes are recorded as being paid and not overdue? I have never had this problem before.
Hello,I was wondering how do you record the estimated tax payment you made for each quarter you paid in QuickBooks or is it necessary to even record them.
Hello,I have to file a quarterly 940 because this quarter will be over $500. I didn't realize I had to do this last year and I got penalized. like 2020 wasn't hard enough. Well I have researched and it doesn't seem as though you can do a quarterly 940 in QB. Has anyone have this issue and if so what is your work around? Thanks Sally
