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J
jmeck
April 6, 2020
Question

Past due state and federal payroll taxes.

  • April 6, 2020
  • 1 reply
  • 0 views

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?

1 reply

G
GlinetteC
April 7, 2020

Hi there, jmeck.

 

We can include the penalty when processing the liability payment in QuickBooks. Here are the steps:

  1. Under Pay Taxes & Other Liabilities, select the liability you want to pay.
  2. Click the View/Pay.
  3. In the Liability Payment window, click the Expenses tab.
  4. From the Account drop-down menu, select the expense account for penalties or choose the Add New option and add the expense.
  5. Enter the amount and all the necessary information. 
  6. Click the Recalculate button, and then hit Save and Close.

You may also need to contact our Payroll Support Team. They have available tools to assist you in properly recording your penalties and interest in QuickBooks.

 

I'll be right here if you have any other concerns.

J
JJLFABRICATION1
April 7, 2020

I meant that my L1 for 2019 did not get filed and I have been trying to get it corrected with little assistance. I have uploaded, emailed, and called to get it resolved with zero luck. I had to file my own L1 for Payroll taxes to the state at least to get it on file. That only to care for the filing portion but since it was not done by Quickbooks in the first place it was late and delinquent fees are now due. I received a final notice on April 6, 2020. Since I transition from Intuit Full Service to Quickbooks Online one just blames the other and nothing has gotten done. 

MaryLandT
MaryLandT
April 7, 2020

Hi there, JJLFABRICATION1,

 

Thank you for the inputs. Let me clear things out for you. You'll want to manually record past due state and federal payroll taxes in QuickBooks Online (QBO). This is because the system won't allow you to pay them electronically.

 

Then, you can create an expense record the interest and penalties. This will separately record those payments from your taxes.

 

Let me show you how:

  1. Click + New, then pick Expense.
  2. In the Payee field, specify a vendor. 
  3. Select the Payment account to which to credit this expense.
  4. Enter the date of purchase in the Payment date field and specify the Payment method for the expense.
  5. Use the Category details section to record the interest and penalties.
  6. In the Category field, select an expense account to track those payments.
  7. (Optional) Enter a description of the expense.
  8. Enter the amount.
  9. Select Save and close.

On the other hand, we pay taxes and file your returns in Intuit Online Payroll Full Service. Now that you move over to QBO, we no longer have access to your account. You'll need to log in and file your taxes.

 

I've added this article for additional information: Paying late federal taxes. It provides options for submitting a late tax payment or penalty in QuickBooks.

 

Should you need anything else, please let me know. I'm always around to help you out.

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