Taxes

Our accountant needs our 2018 1096 form, but we do not have a copy in our files. Is there a way to print out the previous year's 1096 from QB?

The automate tax forms box was checked. However, tax payments and dates are incorrect in QB. Need to remove tax returns and file firms manually. How do I remove the returns in QB do they aren’t filed at quarter end? I called support, they archived the returns. However the returns show filed. Support told me they are archived and not filed. Is this correct? 

We recently switched from QBD to QBO - biggest headache and horrible decision!Anyhow, in QBDesktop I was able to pull a Withholding Quarterly Tax form with all the payment information pulled from QuickBooks populated, so I could quickly and easily file online by popping in the numbers given on the form. I can't find this in QBO - is there somewhere to access these populated forms? If not, how do I get the information needed to complete the WH 1605? Thank you. Melissa

I have 3 different sales tax rates:Regular tax (State plus city)Prepared food (State plus city plus Municipal Gross plus Tourism)Packaged food (State plus city plus Tourism) My problem is when the sales tax report runs, it showsSouth Dakota StateSouth Dakota, Rapid CityMunicipal GrossRapid CityState TaxTourism how do I get Rapid City and South Dakota, Rapid City together and State Tax and South Dakota State together?

I've seen web pages like this which explain the specific understanding of costs of goods as it relates for tax purposes but I cannot find anywhere how to find this number using quickbooks: https://quickbooks.intuit.com/r/bookkeeping/cost-of-goods-sold/ By the way, I am using quickbooks pro 2011 on my desktop but I imagine the reports are similar. I am tracking inventory. My accountant has been using this method: Inventory asset on balance sheet at beginning of year - Inventory asset on balance sheet at end of year + cost of goods shown on the p&l report for that year. I think this is not correct because cost of goods on the P&L report would include all items sold that year, including items that you owned from prior years and so you are counting the cost of goods for those items twice. What you need is the cost of goods sold of items purchased and sold only in that tax year. Was looking at other reports and noticed the income tax summary r

Hello, I have an invoice with an underpayment. I wrote it off to my Bad Debt expense account. However, when it comes to sales tax, do I pay the sales tax for the total amount of the invoice or only the tax on what was paid? I am so lost right now and I am hoping someone can help me!

I have recently switched from desktop to QBOL with premium payroll.  I have elected to handle payroll taxes and forms manually.  Payroll has deducted local taxes as expected and those amounts were displayed in payroll liabilities as expected. The Taxes -payroll-payments tab only shows Federal and state income taxes and does not show the local taxes nor provides a means to pay them or mark them paid. (although the premium package is suppose to handle local tax payments.)  I was advised by QBOL support to show the taxes paid by paying them as a normal expenditure.  After doing this, the appropriate payroll liabilities accounts were zeroed out as expected.  When running a "Tax Liability Report", the local taxes are still showing as "owed".   What is the correct method for 'paying' the local tax liabilities with the premium payroll package?

I have been searching around how to locate the sales tax liability account that is being used as the default when invoices are entered ... I've discovered that the former accounting people somehow created two sales tax liabilities, different account types, and the one that is used for the default on invoicing should be changed.  Where is the default sales tax GL # assigned for when tax is charged on an invoice? Thanks in advance.

I have 2 employees that are subject to Ohio School District Tax. They live in different districts, with different rates. There is only 1 option for Ohio-School District Tax. How do I set up multiple districts under this tax? 

How to you make the switch to the new Automated Sales Tax Center?  I was given the option to move to the new tool a couple of times when entering the manual Tax center, but I was too busy doing my work to set it up.  Now, the option is no longer popping up and I've looked everywhere for an alternate way to set it up.  HOW?

Q1 taxes collected by QB Desktop were incorrect.  Q2 taxes collected by QB Desktop were incorrect.  When I start a payroll check there is -2.00 in the federal column before I enter any hours.  I would guess that Q3 is going to be messed up also.  I have spent hours with payroll tech support and no one can admit there is a problem let alone attempt to fix it. The office of the President phone number is no longer working.  I have no idea how to get level 2 or senior support and this is going to be a problem with Q3 taxes.  I'm so frustrated with QB at this point, I will be looking for another service.

I'm taking over bookkeeping for a company in New Mexico. New Mexico levies a gross receipts tax. What is the proper way to account for and record payment of the gross receipts tax. Please help me with the monthly journal entries. The way it is being done now is monthly when the tax is calculated and paid to NM, the debit side is to a contra-revenue account called Gross Receipts Tax that reduces total income. Is this the right way? There is an urge inside me that wants to have the tax show up as an "Other expense - Gross Receipts Tax", but when I try to figure the journal entries I cannot make that work. Thanks!!

I would like some guidance on the correct TEXAS UNEMPLOYMENT INSURANCE (UI) RATE to use for my business. I searched the Texas Workforce Commission website - https://www.twc.texas.gov/businesses/unemployment-insurance-tax-ratesand learned:Your Effective Tax Rate for 2020 = General Tax Rate (GTR) + Replenishment Tax Rate (RTR) + Obligation Assessment Rate (OA) + Deficit Tax Rate (DTR) + Employment and Training Investment Assessment (ETIA)Minimum Tax Rate for 2020 is 0.31 percent.Maximum Tax Rate for 2020 is 6.31 percent. Currently I am using the max rate of 6.31%, but I would LOVE to use lower rate. Anyone know how to nail down the exact tax rate? Or have a phone number I can call where someone will answer?Thank you. 

Hello-I have used the "Prepare 1099" feature in QB Online where is prepares, files and mails the forms automatically for 1099-Misc.  Will this also now happen with 1009-NEC in QBO and/or be a second open to use? Also, I do not understand the difference in reporting these two 1099's.  All "Independent Contractor's" over $600 are allocated to get a 1099-Misc.  Will this automatically change to knowing it needs to be 1099-NEC now?  Or do I have to create a new Chart of Accounts and update/fix all the previous bills from this year? Thank you,CrossR

I am trying to file with W-2 data with the state and using QuickBooks to generate the TXT file needed by the state.  The Excel sheet opens up OK and I am able to select the W2 "add in" OK.  However, during the interview portion, I am asked a question about the location and name of the file.  I don't change anything but I am stuck on this page.  If I select "next" or "back" nothing happens.  Anyone else having this issue?  I updated all of my QuickBooks files manually and the problem remains. Thanks Mike Simmons

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Hello! I'm a photographer and have my business as a sole proprietorship.  I'm a little confused with determining which expense category is the correct one to use for certain transactions. Here are a few examples, if anyone can help me figure out which category each transaction type should go under in quickbooks self-employed: 1st transaction: Printing costs for ordering a client's photo prints through another website.This would kind of be my "cost of goods sold" because for example, I'll have a customer buy $20 worth of photo prints through my online store and I report their purchase as income, but it costs me around $12 to order those prints from a printing lab. So I basically only made an income of $8 instead of the $20. I'm not sure what category in quickbooks self-employed to list this under. 2nd transaction: monthly subscription paid to Gmail for having my domain as my email instead of @ gmail.com. I pay $5 a month for a "g-suite" which basically allows me

Last year my S corp made a profit.  I have left those proceeds in the company and they are showing on the balance sheet.  Basically undistributed income. (and in the corp checking account)This year we are also showing a profit so far, Quarterly estimates are due.  Can I pay those directly from the corporations Checking?  If yes, how do you record them?  (against last years undistributed income?)  I already paid the taxes on last years profit.  Or do you take a bonus pay the tax on the bonus and the net pays this years estimates?

For the purposes of this question, we shall define "shop supplies" as "items that enable employees to perform their daily tasks and do not leave as part of the boat." For example, latex gloves, safety glasses, paint brushes, sanding discs, etc. We are a service provider (not a manufacturer.) We would like to enter "Shop Supplies" on an invoice as one line (much like a body shop or mechanic shop) and charge a percentage of the total invoice. Are there IRS or FL tax implications we must consider?  Would those items considered to be "shop supplies" be inventory or non-inventory?

When entering a bill with billable charges, I mark the billable box & the tax box is automatically checked too even though the product/service is set up as non taxable. Why?

I paid Sales Taxes last January and they are reflected in my checking account, but they do not show up in my P&L. Current sales taxes do show in my balance sheet as current liabilities. Where would the paid taxes be, and how do I get them into my P&L?

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?