Taxes

I have selected Federal Unemployment on an employee's payroll information when our company does not do that. I have already paid the employee and ran it through quickbooks and now it shows that i have to pay the 940 Tax. I am wanting to fix that to where i don't have to pay the tax and repay the employee what is owed. 

We filed our 2024 1099NEC in January electronically via QBO.We have 2 contractors with misspelled names and I need to file a corrected 1099 for them.Per the 2024-25 update: Per IRS regulations, you must file corrections the same way the original forms were filed. If you e-filed your original form, you must e-file your corrected form.We waited the 2+ weeks for corrections to be enabled. It has been active now for over a week... But at this time you get another flag saying that changing contractor Name or EIN is not available and is being worked on.We have angry contractors trying to do their taxes and cannot finish as they are waiting on our corrected documents...Any ideas?  Help?  Do we just mail in the changes and hope they are accepted/updated?

I am trying to do my 2024 taxes with Turbo Tax Business.Since it does not transfer from Quickbooks Online, I need to transfer the data to a desktop trial.I used QuickBooksEnterprise24Trial last year but I cannot use it this year because the trial has expired.How am I supposed to get my data into Turbo Tax? 

I recieved a letter from the IRS telling me that I didn't file my 941 report for the first quarter of 2021. I went into the filing history and found the form that I filed in 2021. I open the form and it had Do Not File-IRS will not accept. I am not sure what that means. I always file my reports timely. Was it accepted by the IRS or rejected? What do I do now? How do I create an acceptable form for the IRS? If I need to refile the form how do I recreate it in Qbooks? If I can't refile through Qbooks where do I get a blank form for 3/21?

Is anyone else receiving a something went wrong try again page when trying to do year end tax filing if so was there any resolution? 

Every year it is a huge struggle to find a work around to export my QB Online data and then import it into my Turbo Tax software. You would think that the company that make both would want them to work together!If anyone has a solid solution, I would appreciate some guidance.

Last year we were able to use Quickbooks to send in our 1099s. This year we are paying twice as much and yet we don't have this option without upgrading our service? Am am set up to send them directly to IRS. Is this an easy / better option? 

My S Corp holds the note of a mortgage that pays P+I each month.  I created an income called "Earned Interest" and I put most of my entries using that which comes out under "Income" on the P&L statement.  But twice I goofed and put it as Quickbook's "*Int Income" which is comes out on the P&L statement under "Other Income".  Can someone explain what the difference is and why the distinction is made. 

Hello, I need to correct a 2024 1099 filed in Jan 2025 on QB online.  It gives instructions on how to do it but there is no check box or "correct" box" next to it. The 1099 has been "accepted" .   Any help or insight would be appreciated.

I enabled Sales Tax just to play with it, and now I can't get it turned off. Quickbooks also went and added tax to all open invoices. This is insanely annoying. I've already deactivated the agency, but it continues to apply location-based tax on basically everything. I guess I can go in and mark all my products & services as non-taxable or fix every invoice, but this is insanely annoying to have to go fix this.Is there a simple way to just completely disable sales tax being added to *every* invoice imported from my job software?

When we went to file sales tax, we had to pay a few $$s more than what was allocated towards it in our payable account. How should we address this? If a journal entry should be made, what should that entry look like? Thanks!

My efile status in QBO is "sent" and I have not received an efile receipt.  According to the company information the status should be Not submitted or submitted.  Why does mine say "sent". I am on QBO Simple Start.  My credit card was charged for the 1099 service.   I see the list of 1099s in my 1099 dashboard. Is there something else I have to do? 

Me and my husband purchased a restaurant late August of last year with money borrowed from my mother-in-law and a separate 3 year term agreement from the previous restaurant owner to pay her the purchase price in 3 separate lump sums once per year. Since I currently work full-time as a Nurse practitioner, we have not needed any income from the restaurant to make our personal ends meet each month, rather we have been trying to build up our operations account in order to get ready for our first lump-sum payment this coming August. Our accountant recommended last year that we take out a "reasonable" amount as our income; however, that is not feasible if we are going to have enough money to make our first lump sum payment this year, therefore we did not take out a "reasonable" amount as income. Is this something that is frowned upon if you have income from another source and you're trying to make sure you have enough money to pay back a loan?  Obviously, we don't want the restaurant t

When I filed and paid my January sales tax, it looks like I recorded the adjustments in the Sales Tax screens, but didn't record the payment.  The month's tax now shows as "overdue" and when I review the tax liability there is no "record payment" button any longer.  *I can add an adjustment but not a payment.  The payment has loaded from my bank, but of course I can't match it to anything. How do I record the payment?

QB Payroll is not deducting any withholding from peoples' checks (no Fed, Medicare, Social Security.) We tell it to download the full update and it does, but then it says we will have to go online by 4 DAYS AGO and when we try to start payroll, it says the tax tables haven't been updated in 31 days. I already tried removing the PAYSUB.INI file (I had to do that 2 weeks ago when QB was telling us our payroll subscription had lapsed when it hadn't) and running the update again, but it just keeps throwing an error. The machines that HR is using for payroll are throwing errors: "An unexpected error has occured in 'Intuit Quickbooks Enterprise Solutions: Manufacturing and Wholesale 20.0': Failed adding medicare tax item to employee template - Permission error" but these employees have been running the payroll for years, so they definitely have permission.

We changed from sole prop to LLC S-Corp mid-year.  How do I change the date in QB Desktop to reflect mid-year range for sole and remainder year for new EIN number?

I just saw that there's a new feature where QBO allows sales tax to be calculated. Great - however, I don't report sales tax and here's why.I pay sales tax on widget A. When I charge the client I take the original price + tax and mark it up 20%. However that 20% is being taxed as income for the business.  Now - when I buy something since the taxes isn't listed out per each item, I manually calculate the tax for each widget on the receipt.  So widget + tax and sometimes I do that 20-30 times per receipt. QBO already does the markup of the 20% when I mark it billable. Since I'm not collecting 'sales tax' I just want to use the feature to automatically calculate the tax per widget I originally paid. Is this possible to use this feature without the system producing sales/use tax that it expects me to file with the State? If yes, the new feature won't work for me and I'll be left with my calculator standing out in the cold.

This is a 2 Part question/scenario. 1:  How do you capture expenses/liability in the HOME Screen of QuickBooks for sales tax that you (the business owner) owe for the purchase price for TAX-free materials when you sell/install them? 2: How do you include the overall costs (material + sales tax due) to material costs before adding your markup?a: intent is to assist in accurate estimate and highlight best vendor pricing.

I have used the QB 1099 service for the first time. The filing date for my 1099s was 1/14/24. The Recipient's copy column says mailed. One of the 1099s is coming to my home. It has not arrived. Have they really been mailed? Thanks.

This is why QB will continue to receive a 1/10 on "Recommend to your friends" from us! QB STILL has not fixed the automatic tax calculations based on locations for recurring transactions. I'm having to manually edit, calculate, and re-save dozens of invoices monthly that are automatically calculated from QB's "automation". So ridiculous. Does anyone have any workaround for this?   

We filed our 1099s using QBO but the state of MA likes to make things complicated. I need to now upload the 1099s to the MA Tax connect site.Has anyone figured out a way to convert the QB PDF document to a text format that will be accepted by the MA Tax Connect website? I've attempted different conversions to text file but all of them fail to upload. I get an error message about the file needed to be 750 characters. Is there a particular 3rd party software people are using to convert the file? QB will not release the file they use to remit to the IRS (which is the format also needed for MA). My preference is to not mail the forms as they include the SS #s of vendors.

I have brought this multiple times earlier to quickbooks about the wrong sales tax calculation.     For the State of Illinois, quickbooks calculates only the state sales tax and does not calculate the county/ city level tax.   I had a workaround where I move the Destination address to the Shipping from address and the sales tax is calculated properly.    The same thing happened now for Missouri State tax.    We are at a loss now as the sales tax was not calculated properly for the last quarter.    I tried the same trick on moving the shipping to address to Shipping from address to calculate the tax and it worked.  Would Qb have a permanent fix for these sales tax calculation.   Can any one help on identifying the states that QB have issue with calculating correct sales tax.   So we can be prepared for unknown and try to move all the destination address to shipping from address?? Thank you

The w2 generated by quickbooks is incorrect.  I've been looking for a way to correct the missing info (missing info in box 14).  This page indicates that I can fix it: https://quickbooks.intuit.com/learn-support/en-us/help-article/taxation/fix-incorrect-w-2/L9fQEYwEm_US_en_USOur automated taxes and forms is OFF and I have not yet filed.  Instructions state:Fix the issue in your product.File your W-2 forms as you normally would. What does this mean: Fix the issue in your product.

I get this error when trying to file 1099 NEC through QB - I need to get all two of them filed today. How do I resolve the error below? Something's not quite rightSomethings not working. Give us a few minutes and try again. If it still does not work, please contact us.

Some time ago my QB GoPayments app (Android 15, latest version) began listing my city's "saved rate" as twice the actual rate. It shows 16.5%, when it should be 8.25%. The "location-based rate" is always correct. I suspect I probably caused this problem a while back when I was fiddling around with sales tax, and I've only now had time to troubleshoot, but for the life of me I can't find how and where to fix this.Most of the time this doesn't matter because I do a large part of my work in the same city, but sometimes I need to take a payment when I'm not in the usual city. In that case the "location based rate" is incorrect because of my location, but then so is the doubled "saved rate".In QBO I've followed the instructions to go to Taxes > Sales Tax > Sales Tax Settings, but I have no Custom Rates. I've even looked in the Merchant Center without success. And yes, I've signed out and back in on the GoPayments app.See attached screenshot for what I'm seeing.  The second-to-las